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The Independent UK
The Independent UK
National
Ben Chapman

UK inflation set to ‘enter the stratosphere’ and hit 18.6% by January as gas prices continue to surge

PA Archive

Inflation is set to surge to 18.6 per cent next year – the highest level in almost half a century – as average energy bills hit £5,816, leaving millions of people in “dire straits” according to alarming new forecasts from one of the world’s biggest banks that suggest the UK’s energy crisis will stretch on for years.

Experts said that current policies to tackle the crisis risked being a “sticking plaster” and a Tory MP warned that people would be left homeless this winter without more help to pay for skyrocketing bills.

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