British energy price cap to rise 4% as Iran war pushes up costs | live
By Susanna Twidale Aug 26 (Reuters) - Most British households will see their energy bills rise from October after energy regulator Ofgem announced a 4% hike in its domestic price cap as the war in Iran pushes up wholesale costs. The rise will be a blow to the new Prime Minister Andy Burnham, who has pledged to ease cost-of-living pressures, and more than wipes out measures he announced last month to cut tax on electricity bills.
By Susanna Twidale Aug 26 (Reuters) - Most British households will see their energy bills rise from October after energy regulator Ofgem announced a 4% hike in its domestic price cap as the war in Iran pushes up wholesale costs. The rise will be a blow to the new Prime Minister Andy Burnham, who has pledged to ease cost-of-living pressures, and more than wipes out measures he announced last month to cut tax on electricity bills.
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