- Household energy bills in the UK are forecast to surge by 16 per cent to £1,999 a year in January, marking the highest cap level in four years.
- More than four million households face an increase in annual bills to £1,723 from October when Ofgem raises its price cap, despite a temporary VAT removal on electricity.
- Prime Minister Andy Burnham warned that constrained public finances leave little room for manoeuvre to ease household pressures in the upcoming Budget.
- Wholesale energy costs have spiked following the blocking of the Strait of Hormuz and ongoing conflict in the Middle East.
- Charities such as National Energy Action have called for urgent targeted support in the Autumn Budget to assist vulnerable households facing rising fuel debt.
IN FULL
UK energy bills forecast to jump by another £276 a year from January