Fixed

Move marks government’s most radical attempt to weaken impact of soaring wholesale gas prices on electricity costsClean energy generation exceeded rise in global electricity demand in 2025The government has confirmed plans to move older wind and solar farms which make up almost a third of Great Britain’s power market on to fixed-price contracts to help protect households and businesses from future gas market shocks.Under the plans, first revealed by the Guardian, renewable energy projects that earn subsidies on top of the market price will be asked to sign up to contracts that pay a set price for electricity as part of the government’s plan to “delink the price of electricity from the price of gas”. Continue reading...

Former UK ambassador to US was photographed in November outside George Osborne’s London homeThe former senior Labour figure Peter Mandelson faces a fixed-penalty notice after being caught urinating in public, it has emerged.Mandelson was photographed in the act while standing outside the home of the former chancellor George Osborne last November, shortly after he had been sacked as the UK’s ambassador to the US over his relationship with the convicted child sex offender Jeffrey Epstein. Continue reading...

• The average interest rate for a 30-year, fixed-rate conforming mortgage declined to 6.289%, down 7 basis points from the previous day, according to Optimal Blue mortgage data. • The 15-year fixed-rate mortgage averaged 5.653%, down 5 basis points, while jumbo 30-year rates fell 10 basis points to 6.502% and VA loans dropped 11 basis points to 5.889%. • Mortgage applications declined 0.8% for the week ending April 3, with the Mortgage Bankers Association citing higher rates and economic uncertainty as headwinds.