New UK cost of living crisis looms with soaring energy bills forecast to lift inflation - short news
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
British households are facing a renewed cost of living squeeze, with official figures expected to show this week that soaring energy bills drove up inflation in July to close to 3%.
As the Iran war continues to send shock waves through global energy markets, economists predict the surge in UK gas and electricity bills last month will push Britain’s..
source: The Guardian - 16.08.2026