Friday Briefing: Who's ready to be cold, hungry and poor?

'Financial breaking point' looms

James Baxter-Derrington
clock • 4 min read

Another week, another round of crushingly bleak news.

This morning, Ofgem confirmed the energy price cap would rise to an average of £3,549 per year from Saturday 1 October, which is set to plunge an estimated 9.2 million households into fuel poverty. Naturally, the tweet was accompanied by an emoji, which is precisely how you want to receive the news that you should probably just break your thermostat to prevent temptation this winter. Goldman Sachs forecasts UK recession to last until 2024 Come January, we'll be longing for the days of £3,549 if Cornwall Insight's predictions are accurate (and they were pretty much spot on for Octob...

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