Cost-of-living payments branded insufficient as energy bills soar

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A committee of MPs says cost-of-living payments should reflect higher than anticipated energy bills. …

Those payments were set when the typical energy bill was anticipated to rise by £800 – a prediction Ofgem says is now too low. Influential industry analyst Cornwall Insight has predicted a rise of more than £1,200 a year in October, pushing the typical bill to £3,244 a year from October, then £3,363 a year from January.

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