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SSE's wind farm fined record £33m for pushing up household bills

A wind farm owned by energy giant SSE is to pay a record fine to the energy regulator after overcharging customers.

Bank of England will cut interest rates in August, says Goldman Sachs

Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.

Every household should be forced to have a smart meter, says British Gas boss

Fed holds rates as it warns fight against inflation has hit a bump

The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.

US inflation shock derails rate cut hopes

Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Reserve. Official data showed the US rose by more than expected in March in a blow to US rate cut hopes.