Price cap rise will leave quarter of people unable to pay bills
October’s price cap hike will leave almost one in four people unable to pay their monthly bills, with the proportion swelling to more than one in three when the price cap is updated again January, Citizens Advice has warned. The increase, which Ofgem is due to confirm next week, is expected to see the cap hit nearly £3,600 in October, according to recent forecasts by industry analysts.
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