UK energy bills to soar towards £3,400 a year this winter, suggests research

UK households face a 65 per cent increase in their gas and electricity bills this winter to more than £3,200 a year, according to research that highlights the escalating cost of living crisis.

Energy consultancy Cornwall Insight said the energy price cap for the average home is now expected to reach £3,244 when it is revised by regulators in October, up from £1,971 in April. Cornwall predicted the price cap would rise further to…