Prices

Fact checks related to the economy in the UK, spending, house prices, public transport, and inflation measures such as the CPI and RPI

23 September 2022

Ed Davey left out important context about energy bills

Yes, annual household bills will rise about £500 in October, but people will also receive a £400 discount under the Energy Bills Support Scheme.

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Ed Davey left out important context about energy bills
2 September 2022

Telegraph miscalculates the cost of working from home

Its estimate that on average working from home will add £2,500 a year to energy bills was flawed, and there are other questions around its calculations too.

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Telegraph miscalculates the cost of working from home
26 August 2022

Labour’s £29 billion plan would not fully cover the cost of freezing the energy price cap

Freezing the price cap would require roughly £8 billion more funding, according to the IFS.

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Labour’s £29 billion plan would not fully cover the cost of freezing the energy price cap
19 August 2022

Real wages fall sharply—but not by ‘record’ amount when using best measure

When you look at people’s total pay—including bonuses—the most recent fall in real wages is not a record, although it is very large.

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Real wages fall sharply—but not by ‘record’ amount when using best measure
16 August 2022

Labour’s energy price freeze: fact checked

There appear to be some errors in the calculations in Labour’s plan to freeze the energy price cap, which might mean that it isn’t “fully-funded” after all.

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Labour’s energy price freeze: fact checked
21 June 2022

Popular tips on filling cars with petrol don’t offer big savings

A widely-circulated selection of tips on how to save money when filling your car is unlikely to provide any economic benefit.

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Popular tips on filling cars with petrol don’t offer big savings
16 June 2022

Are petrol and diesel taxed in Gibraltar?

There is no VAT in Gibraltar, but there is fuel duty.

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Are petrol and diesel taxed in Gibraltar?
16 June 2022

Living expense calculations ignore that not all income is taxed

A Facebook post showing the average take home pay of someone earning minimum wage does not account for the fact that people do not pay tax on all of their …

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Living expense calculations ignore that not all income is taxed
16 June 2022

Crude oil is not cheaper in pounds now than in 2008

A Facebook post inaccurately claims that oil was more expensive in pounds in 2008 while fuel was cheaper. In fact, both crude oil and fuel were cheaper in pounds in …

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Crude oil is not cheaper in pounds now than in 2008
15 June 2022

June’s pay figures: explained

Figures published by the ONS showing a 2.2% fall in earnings do not account for bonuses, although there are a number of different figures available.

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June’s pay figures: explained

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