Britain announced a big 80% rise in electricity and gas bills on Friday as the cost of living crisis worsens sharply ahead of winter as Britain waits for a new leader.

Regulator Ofgem said the energy price cap, which sets prices for consumers who do not have a fixed deal with their supplier, will rise to £3,549 ($4,197 or 70,514 rand) a year in October from the current £1,971 , blaming it on the sharp growth of wholesale trade. spending after the Russian invasion of Ukraine.

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