Cost of living warning: £400 rise in energy bills may be ‘faff’ for Brits on older appliances | Personal finance | Finance

The financial expert also warned that the government’s cost-of-living package announced in May was already outdated, with inflation expected to hit 11% by the end of the year.

He said: “Every little bit helps fight inflation, but the multi-billion energy support package announced in May is already outdated, with some sections of the energy industry predicting that the price cap of the energy could rise by £3,420 in October – a much higher sum than the £2,800 predicted in May by Ofgem.

“Prices could still skyrocket another £500 in January alone.

“This winter is expected to be the darkest in terms of energy bills in a generation.

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