Millions of people will be plunged into “unmanageable” debt this winter unless the government comes up with more support for those struggling to pay their energy bills, the business and energy select committee have warned.
In a report focusing on how to ease punishing energy costs now, while guarding against future crises, said a £15bn package of support for bill payers, announced in May, had already been rendered obsolete by soaring energy prices, a driving force behind a 40-year-high 9.4% inflation rate that has been eroding household finances.
Bills are now forecast to reach £3,244 when the next price cap takes effect in October. Bills will have risen by nearly £2,000 within a year, compared with the £1,200 that Sunak’s measures will make available to only the most vulnerable households.
Energy bills will push millions into unmanageable debt, MPs warn | Energy industry | The Guardian
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