As budget looms, chancellor says he will ask Ofgem to remove ‘unfair and outdated’ fixed daily fee in 2027 or soon afterBusiness live – latest updatesJohn Healey is abolishing standing charges on gas bills for 23m homes to end an “unfair and outdated” practice, saving households an average of £45 a year.Ahead of his first budget statement in the Commons later on Wednesday, the chancellor said he would ask Ofgem, the energy regulator for Great Britain, to remove these charges – which are £108 a year for the typical household – next year or as soon as possible after. Continue reading...