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Manchester Evening News
Manchester Evening News
Business
Gemma Sherlock

British Gas, Shell, EDF, Scottish Power and more issue latest update on energy crisis

A number of energy companies have responded as many householders struggle to pay their bills despite record-profits being announced from several businesses.

The UK is facing an energy crisis as well as a cost of living crisis as inflation has hit record levels not seen for 40 years, and the Bank of England is expected to raise interest rates even further, meaning many are barely making enough money to cover the basic bills of the household.

There's no sign of energy prices decreasing either despite Shell and BP announcing record-profits this month and last, with BP reporting underlying profits hitting $8.45bn (£6.9bn) between April and June this year, more than triple the amount it made in the same period last year.

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