Cost of living crisis heightened as energy costs and inflation soar

PA Wire

The cost of living crisis was laid bare on Thursday as the Chancellor was forced to step in to offset a nearly £700 spike in energy bills, while the Bank of England warned inflation would hit its highest point in more than three decades.

Energy bills are set to soar by 54% for 22 million households from the beginning of April, adding £693 to the annual bills of a typical household.