A FIFTH of households will “struggle to afford their energy bills” after the regulator confirmed a £500 rise from April. Ofgem announced yesterday an annual average price cap of £3,280. That is £1,…
It added: “Unless the Government changes course on planned reductions to the level of support . . . we estimate the number of people unable to afford their bills will double, from one in ten to one in five.”
According to Interactive Investor, the poorest ten per cent of households will spend over a quarter of their budget on energy from April. The Institute for Fiscal Studies said extending the support for households and businesses is affordable and would cost the Treasury around £2.7billion.And it prompted calls for the Government to cut taxes to boost growth.Topics
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