Households warned energy bills could hit £5k next year in fresh blow for Brits

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Energy bills are rising and many consumers will see their gas and electricity payments shoot up even further from October. Consumers are being warned of sharp rises with the possibility of their direct debits going up before the new cap on energy prices begins.

Energy bills are continuing to sky rocket and many householders will be wondering how they can afford to pay their gas and electricity bills. Latest predictions forecast that annul bills could reach £4,266 in January.

The energy price cap is currently £1,971 per year on typical use for England, Scotland, and Wales. This is due to rise around 70% in October, the details of which will be announced at the end of August.

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Earlier this week, Martin Lewis urged the UK Government to take action now to help millions of households across the country cope with the surging cost of energy bills following the latest forecast from Cornwall Insight that the price cap will hit £4,266 by January. He described the upcoming rise as a “national crisis” on par with the coronavirus pandemic and said that millions of households will simply not be able to afford it.

Money Saving Expert founder Martin Lewis is warning of another energy bill increase that could add extra strain on families’ budgets during the cost of living crisis. Martin shared his warning on Good Morning Britain saying: “Based on the current prediction, which is likely to be right with a very small margin of error, is this - for every £100 direct debit you currently pay, you will be paying £181 and in January £215.” Martin's warning follows prognosis from Cornwall Insight - who provides independent analysis to businesses in the energy market - that bills will rise to approximately £3,582 in October. Another rise is expected in the New Year to £4,266.

money back. The exact amount each person will get depends on how much they've overpaid their council tax by and for how long. READ MORE: Thousands of Brit households have weeks left to claim £150 council tax rebate The council tax bill for a Band D house in East Lothian is £1,314.69 for the current 2022/23 tax year.This went up from £1,151.15 just five years ago.Meanwhile, a Band E property the total bill for this tax year is £1,762.84 – up from £1,512.48 in 2016.STV News reports houses moved down from those bands would be entitled to £400 a year in refunds for each year they overpaid.

An energy boss has called for the government to do more to help customers struggling with the cost of living crisis.

Martin Lewis appeared on Good Morning Britain on Wednesday to talk about the cost of living crisis.The Money Saving expert appeared on Wednesday's edition of Good Morning Britain after shock figures have been released from analysts that have predicted energy bills will rise even higher than expected this winter.Bills are now expected to reach approximately £3,582 per year for the average household from October - up from the £3,359 predicted earlier this month.READ MORE: Mobile companies could rinse you with surprise charges this month, Martin Lewis warnsMartin Lewis has blasted the Conservative government, saying that "this is a national crisis on the scale of the pandemic".The government claimed it is currently unable to introduce any immediate measures due to the leadership race between Rishi Sunak and Liz Truss.The financial expert has labelled this excuse as "bull".In Wednesday's interview, show host Charlotte Hawkins said to Martin: "The government are adamant that nothing can be done until the new PM comes in?"Martin Lewis responded by saying: "What a load of bull, that's complete bull.."That's simply not true."This is a national crisis on the scale of the pandemic."The government is sitting there like zombies."Martin called on the two leadership candidates, Liz Truss and Rishi Sunak, to reach an agreement of what will happen to avoid a "national crisis".He said: "The idea they can't do anything is wrong.

Martin Lewis has taken aim at Liz Truss's tax cutting plans to help solve the current cost-of-living crisis saying it could leave millions "endangered this winter". The money saving expert issued a dire warning to households already struggling to pay their bills that it is about to get a lot worse in the coming months.

Energy bills are set to sky-rocket to an astronomical £4,200 in January, according to a damning new forecast. The price cap will more than double in the new year before costs surge yet again to hit £4,400 by April.Cornwall Insight says the average home will pay £3,582 a year from October 2022, up from £1,971 today, and £4,266 a year from January 2023. READ MORE: Three quarters of small business owners 'have had to pass rising costs to customers' The energy market analyst’s prediction represents a £650 increase when compared to its estimates last week, based on “a change in calculation methodology” by Ofgem.Consumer rights champion Martin Lewis called it “tragic news” and warned the increase is “unaffordable for millions” and a matter of life or death for struggling households.He tweeted: “Action and planning is needed now.

Martin Lewis has demanded 'action and planning now' from the UK Government over the skyrocketing energy bills after new analysis suggested they are likely to hit £4,200 for some households in January.

A warning has been issued by Ofgem after campaigners have encouraged people to not pay their energy bills. Don't Pay UK is driving households to stop paying their bills from October 1 if there is no intervention amid the rising costs.

Martin Lewis' website Money Saving Expert has shared a bleak warning to all bill-paying adults. The Money Saving Expert website says people need to brace themselves for yet another financial hit.