Energy Price Cap Surge Hits UK Households as Fuel and Food Costs Mount

Ofgem's latest price cap increase is smaller than feared, thanks to government intervention. The regulator announced a 4% rise for October 1 to December 31, adding about £60 a year to a typical household bill. But here's the crucial bit: this includes a six-month cut to electricity VAT introduced by Prime Minister Andy Burnham. Without that, Martin Lewis estimates the rise would have been 6.2%. So while winter bills are climbing, the political move has cushioned...