Ofgem said it planned to ‘reset and reform’ the situation

Up to £500 million of household energy bill debt is set to be written off as part of a new relief scheme, the energy regulator has announced. Watchdog Ofgem said it is planning to “reset and reform” the UK’s growing pile of energy debt, which has added pressure to all household bills.

Currently £52 is added to annual household energy bills under the current price cap via a debt allowance to cover energy debts that are never paid and have to be written off. Ofgem said it expects to write off up to £500 million of historic debt built up during the recent energy crisis, in…

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The policy is designed to ensure that residents facing financial hardship are treated fairly, consistently, and with compassion when dealing with council debts.

It aims to balance the council’s legal duty to collect money owed—such as council tax, rent, housing benefit overpayments, and business rates—while providing effective support to those who are struggling.

Councillor Daniel Butcher, cabinet member for finances, resources and community wealth building, said: “We recognise that for many of our residents, particularly in the current climate, managing finances can be extremely challenging.

“This new policy is about showing compassion and offering a genuine helping hand while still fulfilling our necessary legal…

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SINGAPORE – Home-grown confectionery chain Twelve Cupcakes has reportedly ceased operations after being placed under provisional liquidation on Oct 29, according to a notice on the home page of its website.

It did not elaborate on the reasons for its closure.

The company removed all other webpages, though some functions like its online catalog and store list could still be accessed via a search function.

Twelve Cupcakes operated 20 outlets, according to its website.

The bakery chain was founded by entertainment artiste Jaime Teo and her then husband, former radio DJ Daniel Ong, in 2011.

In December 2016, they sold the company to Kolkata-based Dhunseri Group,…