Households will see incomes fall by around 10% over the next year and will face an economic hit "twice as bad" as the financial crash, economists have warned.
As the energy crisis deepens, many families - particularly in deprived areas across the North - are set to face the impossible choice between "heating and eating", MPs were told today.
Economist Torsten Bell warned that in conjunction with surging bills, there would also be a "significant" increase in strike action - as workers demand fairer wages to cope with bills.