we start here in the uk with a very rare piece of good news about the cost of living because for people in england, scotland and wales, average energy bills are set to fall by hundreds of pounds this summer. the uk energy regulator ofgem is about to release its latest price cap the maximum amount suppliers can charge the average household. because the cost of energy has fallen sharply on global markets, that cap is expected to come down from july, saving the typical household annually around £450. hannah miller has been talking to energy users in the east of england who have been struggling to pay their energy bills. since we last came to suffolk, 18 month old robyn has taken her first steps. and her mum, claire, has been trying to keep the family bills under control. we first met in august, when claire was already cutting back on her electricity use. i am terrified that, when the winter comes, we re not going to have enough for the bills. since then, energy prices hav
the electric car battery maker britishvolt has gone into administration after hopes of a last minute bid for the company faded. the collapse raises questions about uk hopes of building a home grown battery industry. the company, which had plans to build a gigafactory to make the uk start up had been expecting to build a new 5.8 billion or $4.7 billion factory in northumberland, as part of a long term vision to boost uk manufacturing. well, this promotional video shows what the factory with a capability to make 300,000 electric batteries a year would have looked like. the plan was to create 3,000 jobs at the plant. now, administrators have taken over the business and most of britishvolt s 300 staff are being made redundant. here s our business editor simonjack. so what went wrong? britishvolt was a start up company with no track record. their battery technology was only at the prototype stage. although there are expressions of interest from lotus and aston martin, they
Getting the benefit and availability of the site committees. We do believe we would get additional takeout from higher attach servicing of these loans with the policy changes that weve made. On the origination side, we are increasing premiums to some degree, 10 basis points on an annual basis. You think its important measure to take given what the fundies. We are very mindful that we have to be careful about adding additional cost on to new borrowers on loans that frankly are already profitable and starting to develop a cushion for fha. But at the same time, we need to ensure we can bring in additional revenue, which will be helpful for the fund moving forward. We are reversing a policy that has been not longstanding, but standing since around 2000 of automatically canceling mortgage Insurance Premium vanilla amortize to a 78 of tv. We have reversing the policy and making sure the Insurance Premium remains with the log. Fha is insuring the blog for ongoing period of time. We dont get o
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