The Economics of Winning a House

Over the last few weeks, I have spent £20 entering online lotteries. I’ve tried to win a camper van, some camera equipment and a luxury home in London. So far, I’ve won nothing. What surprised me wasn’t my lack of success, but just how many of these competitions there are. Once you start looking, they’re … Read more

How did Britain make electricity so expensive?

There is some good news coming for your electricity bill next week. From 1 October the government is temporarily abolishing the 5% VAT charged on domestic electricity. The Treasury reckons that will save the average household about £45 a year. Unfortunately, on precisely the same day, the energy price cap is going up. From October … Read more