The Unite union has criticised British energy companies for not passing on recent major falls in gas prices to consumers. With gas prices taking a major fall, none of the major energy providers in the UK have shown any indication of reducing prices for consumers.

Struggling homeowners are been warned about falling prey to sell-and-rent-back deals after the Office of Fair Trading called for better regulation of the industry.

Companies were accused by the OFT of preying on vulnerable homeowners by misrepresenting the schemes, which are often sold as a solution to debt and increasing mortgage repayments.

The report found that many plans were being mis-sold, with many customers being forced out of their home after less than 12 months despite being told that they could remain in the property long-term or even for life.