Business
Heating tips and how to keep your home warm as budgets are squeezed
Getty ImagesFreezing winter temperatures can mean higher bills when keeping your home warm.
What is the best way to heat your home and keep yourself safe and well during cold weather?
Prioritise your health
Keeping warm over the winter months can help to prevent colds, flu and more serious health problems such as heart attacks, strokes, pneumonia and depression, according to the NHS.
Pensioners, children under the age of five, people with health conditions and those who are pregnant are most at risk.
Wearing multiple layers of clothing – including thick socks and fingerless gloves – can help keep you warm if you are not moving.
Family, friends and neighbours can play their part by ensuring anyone who is more vulnerable is well stocked up with food and necessary medicines, and that they can safely get in and out of their property by keeping any steps or paths clear of snow or ice.
Many charities and councils run free warm hubs in locations such as libraries and other community spaces.
Heat your home efficiently
Check whether there are any quick fixes to make sure you are not wasting energy or heat.
That could include turning off radiators in unused rooms, switching off lights when they are not needed, and not leaving electrical appliances on standby.
Curtains should be open during the day, then drawn at dusk.
Limit heat loss by using draught excluders to block gaps under doors or around windows. You can add metal, plastic or adhesive foam strips to fill any gaps.
You can cover external keyholes and add a flap or brush to your letterbox, or hang a door curtain. You can put a chimney draught excluder inside any unused fireplaces, or make your own by filling a black bag with scrunched up paper.
The Energy Saving Trust points out that internal doors should not be draught-proofed to allow the proper circulation of air throughout a property.
Rugs can cover gaps between floorboards, and warm hard floors.
Getty ImagesExperts are divided on whether it is more efficient to keep your heating on permanently at a lower temperature or switch it on and off as required.
Generally, using a thermostat to keep the room temperature between 18C and 21C is ideal for most. However, turning it down even one degree can save money, as can switching off radiators in unoccupied rooms.
Older people and those with health conditions which limit their mobility are not advised to let temperatures drop below 18C in rooms they use regularly.
Your heating system may have a timer function which lets you programme particular temperatures at different times of the day. Some wireless thermostats are connected to the internet and can be turned on remotely.
Turning down your combi boiler’s flow temperature can help the system run more efficiently, and save money.
Make sure radiators are not blocked by curtains or furniture. Consider fitting reflector panels to those on external walls.
If you are staying in one room for a long time, you may want to use a portable electric heater instead of turning on your central heating system.
They should be plugged directly into a mains socket, placed on a flat surface, and be at least 3ft (1m) away from anything flammable such as curtains or furniture.
Using gas heaters carries the risk of carbon monoxide poisoning, so you should ensure you have a working carbon monoxide alarm in the same room.
You can also use electric blankets or heated throws on a timer function to ensure they don’t overheat.
Eat, drink and wash well
Experts argue it is essential to eat and drink properly during periods of cold weather. Keep moving as much as you can between meals.
Age UK recommends at least one hot meal a day such as soup or stew, and regular hot drinks like tea.
Tinned soups, fruit and vegetables can be cheaper than fresh produce.
You may be able to get support from your local food bank, although you might need to be referred first. Local community organisations can often arrange this.
Don’t overfill your kettle: only boil what you need. Batch cooking and freezing meal portions can also save money. Microwaves and air fryers can be cheaper to run than gas or electric ovens.
Don’t run your dishwasher unless it is full, and choose an eco-setting if you can.
If your energy supplier offers discounts for off-peak use, try to use washing machines and other large appliances during the cheaper period.
Wash clothes at 30C, not 40C.
Limit your shower time to four minutes. Use a timer or make a playlist of four-minute songs.
Get help with your heating bills
Business
Markets Closed For BMC Elections, Zerodha CEO Nithin Kamath Calls It ‘Poor Planning’
New Delhi: Indian stock markets are shut today, January 15, after the Maharashtra government declared a public holiday for municipal elections in Mumbai and several other parts of the state. While the move aims to ensure smooth voting, it has sparked a debate in the financial world with Zerodha CEO Nithin Kamath strongly criticising the closure of both the NSE and BSE, calling it a case of “poor planning.”
Kamath Flags Global Impact of Local Market Holiday
In a post on X, Nithin Kamath pointed out that Indian stock exchanges are deeply connected with global markets, yet were closed today due to local municipal elections. Quoting Charlie Munger, he wrote, “Show me the incentive, and I will show you the outcome.” Kamath said the holiday continues because no one who matters has any incentive to oppose a market shutdown, adding that such decisions underline how far India still needs to go to earn the confidence of global investors.
Indian stock exchanges are closed today for Mumbai’s municipal elections.
The fact that our exchanges, which have international linkages, are shut down for a local municipal election shows poor planning and a serious lack of appreciation for second-order effects.
As Munger…
— Nithin Kamath (@Nithin0dha) January 15, 2026
Holiday Added at the Last Minute
The trading holiday on January 15 was not part of the stock exchanges’ original 2026 trading calendar and was added only earlier this week. Both the BSE and NSE later issued separate circulars confirming that trading would remain suspended today due to municipal corporation elections in Maharashtra.
All Key Market Segments Shut, Trading to Resume Tomorrow
Trading remained suspended across equities, equity derivatives, securities lending and borrowing, as well as currency and interest rate derivatives for the day. The commodity derivatives segment was closed during the morning session, but was scheduled to reopen for evening trading. Normal trading on both the NSE and BSE is set to resume on Friday, January 16.
Business
Ofwat investigation opened into Kent and Sussex water issues
Getty ImagesRegulator Ofwat has opened an investigation into South East Water (SEW) after repeated loss of water supplies across Kent and Sussex.
The investigation will consider whether the company has complied with its licence condition to provide high standards of customer service and support.
Ofwat said it was the first investigation it had launched into customer-focused licence conditions.
SEW said: “The company will always fully co-operate with any investigation by our regulators and provide any information required.”
As of Wednesday night, 10,000 properties continued to have no water supply.
Lynn Parker, Ofwat’s senior director for enforcement, said: “The last six weeks have been miserable for businesses and households across Kent and Sussex with repeated supply problems.
“We know that this has had a huge impact on all parts of daily life and hurt businesses, particularly in the run up to the festive period.
“That is why we need to investigate and to determine whether the company has breached its licence condition.”
The investigation was started after the prime minister said the situation, which affected 30,000 customers at its height, was “clearly totally unacceptable” and asked Ofwat to review the company’s licence.
SEW said some customers might not see supplies return until Friday after issues first began on Saturday in the wake of Storm Goretti and a power cut at a pumping station.
The company said it would be using 26 tankers to pump water directly into its network while working “around the clock” to fix leaks and bursts.
Ofwat already has an open investigation into SEW’s supply resilience to determine whether it has failed to develop and maintain an efficient water supply system.
As of 17:30 GMT on Wednesday, SEW said it had implemented a new recovery plan for Tunbridge Wells that involved keeping local booster pumps switched off for a further 36 hours.
The aim was that customers would wake up to a consistent supply by Friday morning.
SEW said its local drinking water storage tanks had not refilled at the speed required, so it had to extend the “outage” to allow it to recover fully.
Business
Goldman Sachs is about to report fourth-quarter earnings — here’s what the Street expects
Goldman Sachs CEO David Solomon speaks during an interview at the Economic Club of Washington in Washington, D.C., U.S., Oct. 30, 2025.
Kevin Lamarque | Reuters
Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Thursday.
Here’s what Wall Street expects:
- Earnings: $11.67 per share, according to LSEG
- Revenue: $13.79 billion, according to LSEG
- Trading revenue: Fixed income of $2.93 billion, equities of $3.70 billion, per StreetAccount
- Investing banking fees: $2.58 billion, per StreetAccount
Goldman Sachs is set up to be a beneficiary of several trends in the fourth quarter.
Trading desks across Wall Street have benefited in the last year as President Donald Trump’s policies have roiled markets for bonds, currencies, commodities and stocks.
For instance, rival JPMorgan Chase topped expectations for fourth-quarter results on equities and fixed income trading revenue that exceeded the StreetAccount estimate by a combined $460 million.
Global investment banking revenue in the quarter was 12% higher than a year ago, according to Dealogic, which should provide a boost to Goldman’s advisory business.
The firm’s asset and wealth management division should also see gains as stock market levels remained buoyant in the quarter.
Finally, the bank said last week that its deal to offload its Apple Card business to JPMorgan would result in a 46-cents-per-share boost to quarterly results.
This story is developing. Please check back for updates.
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