Households across Scotland will be forced to face increased energy bills when the cap is changed.
During Thursday's Autumn Budget statement, Chancellor Jeremy Hunt told MPs that difficult decisions were required to ensure a "shallower downturn". However, he explained that the economy was still expected to shrink by 1.4 per cent in 2023.
The Office for Budget Responsibility (OBR) forecasts the UK's inflation rate to be 9.1 per cent this year, with 7.4 per cent expect in 2023. And this means there will be a squeeze on living standards.