UK energy bills ‘to top £4,200’ amid warning of ‘serious hardship on a massive scale’ – as it happened

Joseph Rowntree Foundation, consumer champion Martin Lewis and CBI chief urge PM to act urgently to help people with soaring energy bills

More on the new forecast for UK energy bills from Cornwall Insight, which spells more misery for millions of families across the UK.

The consultancy's principal consultant, Dr Craig Lowrey, said:

It is essential that the government use our predictions to spur on a review of the support package being offered to consumers.

If the 400 was not enough to make a dent in the impact of our previous forecast, it most certainly is not enough now.

The government must make introducing more support over the first two quarters of 2023 a number one priority. In the longer term, a social tariff or other support mechanism to target support at the most vulnerable in society are options that we at Cornwall Insight have proposed previously. Right now, the current price cap is not working for consumers, suppliers, or the economy.