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Starmer to Issue Update on Cost of Living as Energy Prices Expected to Soar
Cornwall Insight says the July cap could still climb 18% as conflict-driven oil costs push up household bills and fuel prices.
- Today, most British households will see energy bills fall by 7%, or £117 a year, under the Ofgem price cap, aiming to ease pressure from the conflict in Iran.
- Since the conflict in Iran began, Tehran has blocked tankers in the Strait of Hormuz, causing global fuel costs to surge and making filling a 55-litre diesel car cost more than £100 at UK forecourts.
- Respected analyst Cornwall Insight predicts the Ofgem price cap will rise to £1,929 for typical dual fuel households from July, representing an increase of £288, or 18%, on April's current cap.
- During a Downing Street press conference today, Sir Keir vowed to "protect the British people at home and abroad" by pushing for de-escalation in the Middle East to bring down living costs.
- Conservative shadow chancellor Sir Mel Stride urged the Government to "get Britain drilling in the North Sea" and cut bills by £200, while Trump alleged the UK "can't get jet fuel" via the Strait.
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sloughobserver.co.uk
Keir Starmer expected to give cost of living update as prices soar
Prime Minister Sir Keir Starmer is expected to give an update to the country on the cost of living crisis amid concerns over increasing energy bills due to the Middle East conflict.
·High Wycombe, United Kingdom
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Starmer to issue update on cost of living as energy prices expected to soar
Prime Minister Sir Keir Starmer is expected to give an update to the country on the cost of living crisis amid concerns over increasing energy bills due to the Middle East conflict.
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Leaning Left0Leaning Right0Center11Last UpdatedBias Distribution100% Center
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