Household energy bills 'could rise by £160' as Iran war sends prices soaring
Household energy bills could rise by £160 if the war in Iran drags on, analysts warn. A prolonged conflict would also hit UK growth and could see interest rates rise for the first time since 2023, according to forecasts. The price of oil and gas has soared since bombing began at the weekend, sparking fears over inflation and the cost of living. Researchers at Cornwall Insight said the rising prices could push average household bills to £1 801 year from July – a rise of £160
Household energy bills could rise by £160 if the war in Iran drags on, analysts warn. A prolonged conflict would also hit UK growth and could see interest rates rise for the first time since 2023, according to forecasts. The price of oil and gas has soared since bombing began at the weekend, sparking fears over inflation and the cost of living. Researchers at Cornwall Insight said the rising prices could push average household bills to £1 801 year from July – a rise of £160
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