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Liverpool Echo
Liverpool Echo
World
Lottie Gibbons

Martin Lewis makes energy price prediction as bills to rise by nearly £1,000

Martin Lewis has predicted energy bills may drop in July - but only after a hefty increase in April.

Household spending on energy bills is expected to reach a record high as retail prices rise further and Government support is scaled back. The typical household energy bill is set to rise to £2,450 in 2023, up from £1,550 in 2022, and £1,170 in 2019.

While energy bills support is scaled back, the report noted that tax rises will be scaled up, with a typical middle-income household set to see their personal tax bills rise by around £1,000 from next April.

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