Cost of living: Expert warns energy bills could soar to £5,000 a year

An expert has warned that the energy price cap could rise to £5,000 in 2023.

Based on Wednesday’s energy prices, energy consultancy Auxilione predict that regulator Ofgem could be forced to set the cap at £5,038 per year for the average household in the three months beginning next April.

Will Hodson, from the How To Save It campaign, echoed those suggestions in a damning GB News interview, saying the recent intervention of Gordon Brown “is testament to the fact there’s a huge void at the top of British government right now”.

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