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Gas bills will be sky-high for years, experts warn, as the poorest face £3 billion in income squeeze

GAS bills will be at multi-year sky-highs, an energy boss has warned – as the poorest face a £3billion squeeze in income.

Centrica CEO Chris O’Shea warned soaring energy prices “will be here in the next 18 months to two years”.

One expert warns that petrol bills will stay sky-high for years as poorer Britons face £3billion in income

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One expert warns that petrol bills will stay sky-high for years as poorer Britons face £3billion in income

His comments come as experts at the Institute of Fiscal Studies called for Rishi Sunak to increase pensions and higher allowances – in line with the expected 6% inflation rate.

Now, they’re expected to grow just 3.1% in April, making the millions made worse by skyrocketing bills.

The IFS acknowledged this would cost the Prime Minister at least £3bn but said it was only a temporary measure.

The Age UK charity also revealed anxious pensioners ate cold food, rationed hot water and turned off the heaters to save money.

It said the elders lived on soup and bread and bathed every two days.

The charity believes the huge spike in bills could cause a national emergency for millions of older people.

A government spokesman said: “We realize people are facing cost-of-living pressure which is why we are taking decisive action worth 4.2 billion dollars. pounds to help.

This includes an increase in benefits in line with the inflation measure from September, an energy price cap that saves an average of £100 million per year for households and winter fuel payments, which are supporting more than 11 million retirees with their energy bills.

“Our £500 million Household Support Fund is also providing low-income households with winter essentials.”

Boris Johnson blames rising gas prices on fuel bills after he promised Sun readers that Brexit would mean they’d be cheaper

https://www.thesun.co.uk/money/17306844/gas-bills-high-for-years/ Gas bills will be sky-high for years, experts warn, as the poorest face £3 billion in income squeeze

JACLYN DIAZ

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