Following the submission of a super-complaint by the Consumer Council and Which?, the Competition Commission today published proposals to sort out the anti-competitive and anti-consumer personal current account market here. For the first time, the Competition Commission has put measures in place to encourage customers to switch banks and take control of their banking to get the best deal possible.
- Personal Finances
The Consumer Council today welcomed the announcement that water charges are to be deferred and considered by a local devolved Assembly and that further discussions on the financial package are to take place with the Chancellor.
The Consumer Council today welcomed the Government’s review of Christmas savings schemes but acknowledges that there is much work still to be done. Today’s news is a positive and swift development for the 3,000 local people who lost more than £1.2 million when Farepak collapsed in October 2006.
- Consumer Skills
The Consumer Council today welcomed firmus energy’s announcement that it will cap prices for another year until January 2009.
There was more good news for households here as Phoenix Natural Gas announced that gas prices would fall by 14.6 per cent from 31 March. This is the third piece of good news on the energy front following similar announcements from Northern Ireland Electricity and firmus energy.