Scottish and Southern Energy (SSE) today announced that its typical dual fuel energy bill will rise in price by 8.2 per cent in November.
SSE is blaming the price hike on increases in wholesale energy costs, network distribution charges and changes to the government schemes energy companies pay into. SSE’s own figures, however, show the biggest increase in any component of the bill comes under other costs at its end including profit margins.
Sachin Tendulkar, India’s greatest batsman, is to retire from all forms of cricket, after playing two more international matches (Tests) to take his total to 200.
This is the most Tests played by anyone, and over 30 more than the next two cricketers in line – former Australian skippers Ricky Ponting and Steve Waugh.
Cricket fans – in common with baseball nuts – love lists. And Tendulkar sits at the top of most. Read more
South Korea is perhaps the most over-educated country in the world.
More people are enrolled in its universities and colleges than are in the target age group for tertiary education. This is probably due to older people and foreigners. Read more
Japan is set to raise its consumption (sales) tax for the first time since 1997.
The last time the sales tax rate was raised, the hike was blamed by some economists for the country’s subsequent slump into recession (though the Asian financial crisis was perhaps a bigger contributor).
Most of the US statistical agencies are facing near-complete closure during the governmental shutdown, raising doubts about whether the US government will be able to stick to the planned data release schedule in the coming weeks.
The non-farm payroll numbers in particular are crucial information for the Federal Reserve as it weighs whether to ease back on its QE programme. Read more