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The Independent UK
The Independent UK
Albert Toth

Higher energy prices will leave UK households £480 worse off this year, experts warn

United States United Kingdom Donald Trump James Smith Sir Keir Starmer Resolution Foundation the Strait of Hormuz

The average household will be £480 worse off this year due to increased energy costs from the US-Iran war, stark new research has warned.

A modest boost to living standards that was forecast to take place across the year will be entirely reversed for the average household, the influential Resolution Foundation think tank has found, despite the recently announced ceasefire.

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