The construction of the Sizewell C nuclear power plant in Suffolk will cost approximately £38 billion, nearly double the original budget, following a significant investment agreement finalized by the UK Government. Energy Secretary Ed Miliband announced the deal on July 22, 2025, which officially greenlights the long-anticipated project.

The soaring costs come as energy bills for consumers are set to increase by an average of £1 per month during the construction phase, beginning in the autumn. The Department for Energy Security and Net Zero (DESNZ) confirmed that the UK Government will hold a 44.9 percent equity stake in Sizewell C, making it the largest shareholder.

New investors include the Canadian investment firm La Caisse with 20 percent, Centrica, the owner of British Gas, with 15 percent, and Amber Infrastructure with an initial stake of 7.6 percent. Following the announcement, Centrica’s shares rose by 4 percent. French energy firm EDF, which had previously indicated a 16.2 percent stake, will now contribute 12.5 percent to the project.

Project Impact and Long-Term Goals

Once operational, Sizewell C is expected to power approximately six million homes and create around 10,000 jobs. The project is anticipated to begin generating power in the 2030s. Miliband emphasized the importance of this investment, stating, “It is time to do big things and build big projects in this country again… This government is making the investment needed to deliver a new golden age of nuclear.”

The total investment will surpass the £38 billion target, which is intended to act as a buffer against potential cost overruns. The National Wealth Fund, the government’s investment vehicle, is providing the majority of the debt financing, amounting to up to £36.6 billion. This agreement marks a significant milestone for the Sizewell C project, which has been in the pipeline since its initial development plan was proposed in 2010.

The anticipated benefits include estimated savings of up to £2 billion per year across the low-carbon electricity sector once the plant becomes operational. The DESNZ reported that the cost of developing Sizewell C is approximately 20 percent lower than that of the Hinkley Point C nuclear power station, which is currently under construction in Somerset and is scheduled to open in 2031.

Government Commitment to Energy Independence

Chancellor Rachel Reeves highlighted the strategic importance of this development, noting it will help reduce the UK’s reliance on foreign energy sources. “This is a public-private consortium… taxpayers will get a return on that investment,” she stated. Reeves underscored that the participation of La Caisse, Centrica, and Amber Infrastructure signifies confidence in the UK as a viable hub for nuclear energy.

Nuclear power is increasingly viewed as a crucial component of the UK’s strategy to decarbonise its electricity grid by 2030, replacing fossil fuels with renewable energy sources. The last nuclear power station completed in the UK was Sizewell B in 1987.

Chris O’Shea, the Chief Executive of Centrica, expressed optimism regarding the project, describing it as “a compelling investment for our shareholders and the country as a whole.” He emphasized that this initiative represents not just a commitment to a new power station, but also to Britain’s energy independence and the journey towards net-zero emissions.

Investment Director at AJ Bell, Russ Mould, remarked on the dual nature of the project, stating, “Sizewell C might generate a significant amount of jobs and energy… yet its overall cost has nearly doubled from the previous estimate.” This highlights the ongoing financial challenges associated with large-scale infrastructure projects in the energy sector.

As Sizewell C moves forward, the government remains focused on enhancing energy security and fostering economic growth through significant investments in clean energy infrastructure.

Azerbaijan is undertaking a significant reform of its domestic heating and electricity market, aiming to enhance the role of renewable energy while liberalizing the sector. The initiative, however, has drawn criticism due to the lack of public engagement and transparency surrounding the changes. A series of laws passed by Azerbaijan’s parliament in the spring are facilitating tariff reforms, particularly in electricity and heating.

The proposed reforms are set against a backdrop of rising public discontent. The government, which maintains strict control over political dialogue, has not scheduled public hearings or encouraged media discussions regarding the changes. This environment fosters a sense of apathy among citizens, many of whom feel disconnected from governmental decision-making. Such disconnect can lead to poor policy outcomes, raising concerns that the energy market overhaul may represent another lost opportunity to enhance the quality of life for the Azerbaijani populace.

The Azerbaijan Tariff Council, led by the economy minister, is responsible for setting prices for electricity, gas, heat, and fuel. This process occurs behind closed doors, involving a small group of officials from various ministries. In more open societies, public engagement in energy policy can significantly influence decisions, often prompting officials to justify their actions and remain accountable. In contrast, the lack of civic participation in Azerbaijan limits such dynamics, making it critical to examine how energy prices are established.

Electricity demand growth in Azerbaijan fell to just 1 percent in 2023, down from over 4 percent in the previous year. This decline comes after notable increases in home energy rates announced by the Tariff Council in October 2021. At that time, the council raised residential gas prices from 10 to 12 gapiks per cubic meter and adjusted electricity tariffs for different consumption brackets. Officials attributed these increases to rising global energy prices.

In January 2025, the Tariff Council approved another round of increases, described in state media as “slight,” yet perceived as substantial by residents. Increases ranged from 5 percent to 15 percent depending on usage, with average household electricity tariffs expected to rise by approximately 7.8 percent. Again, officials cited gas costs as the rationale, despite Azerbaijan’s rising natural gas output and its status as a significant exporter to the European Union, Turkey, and other nations.

A new regulation approved by the Azerbaijani parliament in June introduces a fixed monthly fee for natural gas usage, set to be implemented gradually starting in 2026 and fully by 2028. This means consumers will incur charges even if they do not use gas, impacting owners of vacant properties. Opposition member Tofig Yaqublu, currently imprisoned, argues that the price hikes lack economic justification and suggests that corruption may be a driving factor.

Countries with more active civic participation often see public input and protests prompting authorities to reconsider policy decisions. For instance, in Turkey, a 50 percent increase in electricity and natural gas tariffs in 2022 led to immediate backlash, resulting in government concessions such as subsidies for low-income households. Similarly, in France, protests over rising electricity prices prompted President Emmanuel Macron to announce support measures aimed at reducing costs for businesses.

According to international price surveys for the first quarter of 2025, Azerbaijan’s residential electricity price stands at approximately $0.05 per kWh, which is lower than in neighboring countries like Georgia ($0.068), Turkey ($0.066), and Russia ($0.062). In contrast, Iran’s heavily subsidized electricity costs households virtually nothing at $0.003 per kWh. This raises questions about why Azerbaijan, despite being an oil and gas exporter, does not offer more competitive electricity and heating rates.

While current prices may seem moderate, the series of increases can accumulate significantly, especially during challenging economic times. Setting lower tariffs for heating and electricity could enhance the quality of life for Azerbaijani citizens and foster goodwill toward the government. Instead, the push for further increases risks placing additional strain on family budgets, while the absence of public input may alienate citizens even more from their government.

Financial difficulties can affect anyone, often leaving behind a permanent mark on credit files. A County Court Judgment (CCJ) or a default can raise concerns for potential homebuyers. Nevertheless, it is indeed possible to secure a mortgage even if you have a CCJ or default on your record. This article outlines how to navigate the mortgage landscape under these circumstances.

Understanding CCJs and Defaults

To grasp the implications of a CCJ and a default, it is essential to understand their definitions. A County Court Judgment (CCJ) is a court order issued against an individual for failing to repay a debt. This judgment typically remains on a credit report for six years unless the debt is paid in full within 30 days. A default occurs when a borrower has missed several monthly payments, leading the lender to close the account and classify the debt as bad. Similar to a CCJ, a default also stays on the credit file for six years. Both of these factors adversely affect an individual’s credit score, presenting challenges when seeking a mortgage.

Despite these hurdles, more lenders are offering adverse mortgages designed specifically for individuals with poor credit histories. Often referred to as bad credit mortgages or subprime mortgages, these options focus on current financial stability rather than past mistakes. If an applicant can demonstrate recent financial responsibility—such as stable employment and effective credit management—their chances of approval increase significantly.

Navigating Mortgage Applications with Adverse Credit

While obtaining a mortgage with a CCJ or default is feasible, the outcome hinges on several critical factors:

1. **Age and Size of the CCJ or Default**: Older CCJs and defaults, particularly those over two years old, are viewed less severely than recent ones. A single small CCJ from three years ago carries less weight than multiple recent defaults.

2. **Satisfaction Status**: If the CCJ or default has been settled, even partially, it reflects positively on the applicant’s responsibility and can enhance their appeal to lenders.

3. **Deposit Size**: A larger deposit reduces the lender’s risk. While standard mortgage deals may require deposits of 5-10%, adverse mortgage lenders often demand between 15-30%, particularly for applicants with recent or significant credit issues.

4. **Affordability**: Lenders will analyze income and expenses to determine overall financial stability. A favorable income-to-debt ratio and demonstrated financial management can convince lenders of an applicant’s reliability.

5. **Credit Score Improvements**: Taking steps to enhance credit scores—such as registering on the electoral roll, paying down debt, or responsibly using credit cards—can significantly bolster an application.

Potential borrowers should consider the following steps to improve their chances of securing a mortgage:

1. **Review Your Credit File**: Begin by obtaining a credit report from agencies such as Experian, Equifax, or TransUnion. Check for the date and size of the CCJ or default, whether it is marked as “satisfied,” and identify any other issues.

2. **Save for a Bigger Deposit**: Aim for a deposit of at least 15% to demonstrate commitment and lower the lender’s risk.

3. **Consult a Specialist Mortgage Broker**: Not all lenders offer adverse mortgages directly. Specialist brokers can connect applicants to networks of lenders that cater to those with imperfect credit histories.

4. **Gather Strong Supporting Documentation**: Include recent payslips, proof of savings, rental payment history, and a written explanation for past credit issues.

5. **Be Honest in Your Application**: Transparency is crucial. Attempting to conceal or downplay credit history can raise red flags for lenders.

While those with CCJs or defaults may not qualify for the lowest advertised rates, adverse mortgage interest rates are not necessarily exorbitant. If credit issues are minor or historic, the rates may only be slightly above the market average. As an applicant’s credit profile improves, they can typically remortgage onto more favorable terms after a few years.

For those seeking to rebuild their credit while borrowing, many find that keeping up with mortgage payments can help establish a positive credit history. This not only secures current homeownership but also opens avenues for better rates and mortgage products in the future.

In conclusion, a CCJ or default does not have to define one’s ability to purchase a home. The growing availability of adverse mortgages provides pathways for many individuals with imperfect credit records. By understanding their financial situation, saving for a strong deposit, collaborating with experienced brokers, and maintaining transparency, individuals can successfully navigate the mortgage application process and work towards a brighter financial future.

The landscape of billing software for Indian small and medium enterprises (SMEs) is evolving, with several options vying for attention. Among the notable contenders are GSTpad, myBillBook, Marg ERP, and Zoho Billing. Each offers unique features tailored to the specific needs of SMEs, but GSTpad is emerging as a strong choice for retailers looking for a comprehensive solution.

Understanding the Needs of Indian SMEs

Before delving into the specifics of each software, it is vital to grasp what Indian SMEs require from billing tools. Key features include:

– GST-compliant invoicing
– Easy stock and inventory tracking
– Offline and cloud accessibility
– Customisable invoice templates
– Multi-user and multi-store access
– Barcode printing capabilities
– WhatsApp or SMS-based invoice sharing
– Seamless integration with payment systems like UPI

These features enable SMEs to manage their operations effectively while ensuring compliance with regulations.

Comparing Leading Billing Software Solutions

A brief overview of the competing software solutions highlights their strengths and weaknesses:

| Feature | GSTpad | myBillBook | Marg ERP | Zoho Billing |
|—————————|——–|————|———-|————–|
| GST Billing | Yes | Yes | Yes | Yes |
| Offline + Cloud Access | Yes | Cloud-only | Available (Desktop + Cloud) | Cloud-only |
| Barcode Label Printing | Yes | Yes | Yes | Yes |
| Online Store Builder | Yes | Yes | Yes | No |
| Inventory & Stock | Yes | Yes | Yes | Yes |

GSTpad stands out as a solution designed specifically for Indian retailers. It offers a range of features, such as GST invoicing, barcode printing, and an online store builder, allowing SMEs to send payment links via WhatsApp or SMS. Its user-friendly interface requires minimal technical expertise, making it accessible for all business owners.

In contrast, myBillBook focuses on mobile-friendly invoicing. The app, available on both Android and iOS, facilitates invoicing, inventory tracking, and GST reporting. While its simplicity is advantageous, it lacks features such as barcode label support and is primarily cloud-based.

Marg ERP is known for its robust inventory and distribution modules, making it suitable for pharmaceutical companies and manufacturers. Although it excels in detailed accounting support, it is complex and may require training, presenting a barrier for smaller shop owners.

Zoho Billing, previously part of Zoho Books, is ideal for service-based businesses. It supports multi-currency and multi-language options and is highly automated for recurring billing. However, it may not cater effectively to retailers needing barcode printing and offline access.

When examining these options, GSTpad emerges as the most versatile choice for Indian SMEs, particularly those in retail and trading. Its combination of billing, inventory management, and e-commerce capabilities under one roof makes it a compelling solution.

The Verdict: Why Choose GSTpad?

For retailers, traders, and small manufacturers seeking an all-in-one solution, GSTpad delivers exceptional value. The software offers:

– **Offline and online functionality**, ensuring reliability in low-connectivity areas.
– **Comprehensive features**, including GST invoicing, inventory management, and barcode printing.
– **Ease of use**, with no complex technical training required for effective operation.

In summary, GSTpad stands out in the competitive landscape of billing software for SMEs in India. It addresses the unique needs of local businesses, empowering them to streamline their operations and improve customer engagement.

Frequently Asked Questions

Can GSTpad work offline? Yes, GSTpad provides both offline and cloud-based usage, making it reliable even in areas with limited internet connectivity.

Does GSTpad support barcode printing? Absolutely. It supports the creation and printing of barcode labels in various formats, including A4, A5, and thermal, making it ideal for retail operations.

Is GSTpad suitable for manufacturers or service providers? Yes, it caters to small-scale manufacturers and traders. However, for businesses focusing on complex recurring billing or SaaS models, Zoho Billing might be a better fit.

As businesses continue to evolve, selecting the right billing software becomes crucial for operational success. With its tailored features and user-friendly design, GSTpad positions itself as the smart choice for Indian SMEs aiming for growth and efficiency.