Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Glasgow Live
Glasgow Live
National
Mya Bollan

Energy price cap increase as Glasgow households set for even higher bills

Households across Scotland will be forced to face increased energy bills when the cap is changed.

During Thursday's Autumn Budget statement, Chancellor Jeremy Hunt told MPs that difficult decisions were required to ensure a "shallower downturn". However, he explained that the economy was still expected to shrink by 1.4 per cent in 2023.

The Office for Budget Responsibility (OBR) forecasts the UK's inflation rate to be 9.1 per cent this year, with 7.4 per cent expect in 2023. And this means there will be a squeeze on living standards.

READ MORE: Autumn Statement 2022 - what we know and how it will affect Glaswegians

The energy cap was a key concern ahead of the statement, with Hunt confirming the average household energy bill will increase from £2,500 to £3,000 from April 2023, Mr Hunt said “this still means an average of £500 support for every household”.

Additionally, there will be no universal payment of £400 to every household. Instead there will be additional cost-of-living payments for people on means-tested benefits, pensioner households and those on disability benefit.

READ NEXT

National Living Wage increase will see Glasgow workers £1,600 a year better off

Autumn Statement: Glasgow schools to benefit from funding boost

Glasgow school strikes: When it's happening, what it means and are there any more planned?

Glasgow schools to close next week for strike as parents warned to make other arrangements

Tesco introduces yellow sticker change for people seeking reduced items

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.