UK households face 4% rise in energy bills to average of £1,723 from October – business live

Gas and electricity bills rise to highest level in three years Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business. UK households face a jump in energy bills to the highest in three years this winter, after soaring market prices triggered by the Iran war fed through to the government’s energy price cap. As a start, we removed VAT from electricity bills to give everyone some breathing space. This is on top of the £150 we removed from energy bills in the budget in April. Higher wholesale gas prices will more than offset the im