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Families told to brace for £440 hike in energy bills this summer

Families told to brace for £440 hike in energy bills this summer

Families are being warned to prepare for a significant rise in energy bills this summer, with costs potentially increasing by as much as £440 due to global instability linked to the Iran conflict. Analysts suggest the average household bill could reach £2,100, adding further strain to an ongoing cost of living crisis. Even with more optimistic forecasts, prices are expected to rise. Leading global institutions, including the World Bank and IMF, have warned that the conflict could trigger a wider economic downturn, with disruptions to energy supplies, rising inflation, and slower growth. Food prices may also increase, further impacting households. The Government has indicated that financial support is unlikely before autumn and may be limited to the most vulnerable. As uncertainty grows, concerns are mounting over economic resilience, public finances, and the burden on ordinary families. The situation highlights the far-reaching consequences of global conflict on everyday life and the need for stability, provision, and wise stewardship in challenging times. See