NATIONAL NEWS ROUNDUP: Gas prices will cause household bills to rise even further next summer AND watchdog drops investigation into airlines who didn’t pay refunds
GAS PRICES: Britons could see their energy bills rise by thirty percent next year.
Research agency Cornwall Insight has predicted further volatile gas prices and the potential collapse of even more suppliers could push the energy price cap to about one thousand six hundred and sixty pounds in summer - about thirty percent higher than the cap set for this winter.
AIRLINE FAILURES: The competition watchdog has closed its investigation into whether Ryanair and British Airways broke consumer law by failing to offer refunds for flights customers were unable to take during lockdown. The authority said customers who could not take flights should be offered full refunds, but the investigation would take too long and be too expensive for the taxpayer to be justified.
In June, the regulator launched the investigation and said the companies may have needed to issue refunds for flights that took place but were not allowed for non-essential travel.
During the pandemic BA offered vouchers or rebookings, while Ryanair provided the option to rebook on flights that operated but should only have been used for essential travel, the CMA said.
BA said it offered refunds for all flights that were cancelled.
Legally, customers are entitled to a cash refund within 14 days if flights are cancelled but this does not clearly cover when flights take place but customers are legally prohibited from travelling.
The CMA said that after initial analysis it had concluded that the law “does not provide passengers with a sufficiently clear right to a refund in these unusual circumstances to justify continuing with the case”.
The regulator called for the law to be clarified to help passengers secure refunds.
HOUSE PRICES: The average UK house price jumped by around four thousand four hundred pounds in September, pushing it to a new high of just over two hundred and sixty seven thousand pounds according to an index. Property values jumped by one point seven percent month on month, Halifax said.
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