Increases in energy prices will hit poorer families hardest, the IFS said
(Picture: PA Wire)Poorer households could be facing an eye-watering inflation rate of 14 per cent later this year, economists warned on Wednesday, after the boss of energy regulator Ofgem said bills will soar even higher this autumn.
Jonathan Brearley told MPs on the Business, Energy and Industrial Strategy Committee on Tuesday that the energy price cap could rise to around £2,800 in October — an £800 increase to the £1,971 set in April.
