Alex Wickham(@alexwickham):Exclusive: UK household energy bills are forecast to jump *by about 25%* in January as the Iran war drives up gas and electricity prices, according to analysis by Bloomberg Economics The coming price spike means UK inflation could climb above 4% next year, double the BoE target, the analysis finds The Ofgem energy price cap is expected to rise by about £427 to around £2,150 a year for the average household, according to the forecasts This would push bills close to the £2,500 cap brought in by the government following Russia’s full-scale invasion of Ukraine in 2022 It’s a major threat to Andy Burnham’s pledge to be the cost-of-living prime minister Story by @EamonFarhat:

2026.09.15 07:45

Exclusive: UK household energy bills are forecast to jump *by about 25%* in January as the Iran war drives up gas and electricity prices, according to analysis by Bloomberg Economics The coming price spike means UK inflation could climb above 4% next year, double the BoE target, the analysis finds The Ofgem energy price cap is expected to rise by about £427 to around £2,150 a year for the average household, according to the forecasts This would push bills close to the £2,500 cap brought in by the government following Russia’s full-scale invasion of Ukraine in 2022 It’s a major threat to Andy Burnham’s pledge to be the cost-of-living prime minister Story by @EamonFarhat: