People will be “on the streets” and the UK will face face civil unrest this winter unless households are given more help to pay skyrocketing energy bills, a Conservative MP has predicted.
02.08.2022 - 14:39 / manchestereveningnews.co.uk
Households all across the UK have been warned to prepare for the annual energy bill increase which could see people pay more than £3,600 this winter.
Energy consultant Cornwall Insight said the average gas and electricity bill in England, Wales and Scotland could reach as high as £3,615 by the new year - this is hundreds of pounds higher than previous predictions. In May, the government announced a support package of £400 to help struggling households with their electricity bills.
However, this was in response to previous predictions that bills would rise to an average of £2,800 in October. Meanwhile, Cornwall Insight predicted last month that an average bill could rise to £3,244 from October and £3,363 from January - but things have now changed.
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Speaking to BBC Breakfast, the company said that the average bill could reach as high as £3,358 from October and £3,615 from January. Cornwall Insight's principle consultant, Craig Lowrey, told the programme: "However, while the rise in forecasts for October and January is a pressing concern, it is not only the level – but the duration – of the rises that makes these new forecasts so devastating,” he told the programme.
“Given the current level of the wholesale price, this level of household energy bills currently shows little sign of abating into 2024.” He added: "While the Government has pledged some support for October’s energy rise, our cap forecast has increased by over £500 since the funding was proposed, and the truth is the £400 pledged will only scratch the surface of this problem.”
Richard Neudegg, director of regulation at Uswitch called for the £400 support package to be
People will be “on the streets” and the UK will face face civil unrest this winter unless households are given more help to pay skyrocketing energy bills, a Conservative MP has predicted.
Ofgem, the energy regulator, will announce the new price cap on Friday, August 26 and industry analysts are predicting it to be nearly £1,800 higher than the current one of £1,971. Auxilione’s latest figures suggest that the price cap will rise to nearly £3,600 from October 1, putting even more pressure on already stretched household budgets to keep on top of gas and electricity bills.
COVID pandemic unless the government takes immediate action.Earlier this week, five organisations representing the UK hospitality sector penned an open letter to the UK government, highlighting “rocketing energy prices” that are forecast to become “a matter of existential emergency” later this year – and demanding that the government act soon to prevent a catastrophe to UK culture.In the hospitality sector, operators are facing average annual bill increases in the region of at least 300 per cent, meaning that many businesses and jobs in the sector are “at grave risk”.Now, Music Venue Trust CEO Mark Davyd has spoken to NME of the true threat posed by the looming price rise, comparing it to the COVID pandemic which at one point saw 93 per cent of the UK’s grassroots music venues were under threat of being closed forever due to losses caused by restrictions.“Without action from the government, we are now modelling that this will close more venues than the pandemic,” he argued. “We don’t see any other outcome.”He continued: “It feels weird to say it, but unlike during COVID when you could go, ‘OK, we need to raise some money now because in a year’s time the venues will be open’, we can’t do that now because they’ll have to pay another electricity bill next year and the year after that, obviously.
Four million Scots risk being plunged into fuel poverty by January if energy bills rise as expected, a shock report has found.
Millions of households across the country are being warned that the price cap on energy bills could rise even higher than previously forecast next year. Gas prices spiked again on Monday and unless they drop in the coming months, average households could be facing an annual energy bill of £4,722 from January and £5,601 from April.
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The Driver and Vehicle Licensing Agency has warned motorists that they could face a hefty £1,000 fine for failing to declare certain common medical conditions.
Scots could face gas and electricity bills totalling close on £5,500 a year by next April, according to the latest dire forecasts on energy prices.
Households all across the UK are bracing for their energy bills to skyrocket in October among predictions that they could reach as high as £5,300.
Consumers have been urged to be on the lookout for new cost of living scams in Scotland as national ScamWatch Fortnight gets underway. This year’s ‘Read Between the Li(n)es’ campaign highlights the importance of remaining vigilant as fraudsters are using emails, texts and social media to prey on people of all ages.
Many Scots are split about a plan for people to stop paying their energy bills as price continue to skyrocket. The Don't Pay UK campaign is seeking one million households across the UK to go on a form of energy bill strike if there is no more government help with bills by October 1.
Consumers have been warned that an average family's annual energy bill could reach nearly as high as £5,300 from April.
The cap on energy bills could top an unprecedented £5,000 next year, according to the bleakest forecast yet for struggling households. Experts said that at Wednesday’s energy prices they expect that regulator Ofgem could be forced to set the cap at £5,038 per year for the average household in the three months beginning next April.
Earlier this week, Martin Lewis urged the UK Government to take action now to help millions of households across the country cope with the surging cost of energy bills following the latest forecast from Cornwall Insight that the price cap will hit £4,266 by January. He described the upcoming rise as a “national crisis” on par with the coronavirus pandemic and said that millions of households will simply not be able to afford it.
Energy bills could go up prior to the expected rise in October, the UK's energy regulator has said.
Money Saving Expert founder Martin Lewis is warning of another energy bill increase that could add extra strain on families’ budgets during the cost of living crisis. Martin shared his warning on Good Morning Britain saying: “Based on the current prediction, which is likely to be right with a very small margin of error, is this - for every £100 direct debit you currently pay, you will be paying £181 and in January £215.” Martin's warning follows prognosis from Cornwall Insight - who provides independent analysis to businesses in the energy market - that bills will rise to approximately £3,582 in October. Another rise is expected in the New Year to £4,266.
Martin Lewis has demanded 'action and planning now' from the UK Government over the skyrocketing energy bills after new analysis suggested they are likely to hit £4,200 for some households in January.