
Rising energy prices are the driving force of the cost-of-living crisis
(Picture: PA)Wholesale gas prices in the UK are rising fast -- heading near to the peak they touched in the immediate aftermath of Russia’s invasion of Ukraine – just a week before regulators set a new price cap for consumers’ energy costs.
The continued increase means customers are looking at even higher bills even before the autumn weather bites, with the UK braced for a bleak economic winter, with inflation forecast to top 13% as rising energy prices drive the cost-of-living crisis.