Britain’s energy bills are set to surge by 4% in October, pushing the average annual cost to £1,729 — the highest in three years — undoing the relief from a recent VAT cut. Rising global tensions, Europe’s heatwaves driving up gas demand, and Britain’s heavy reliance on imported natural gas are fueling the spike. With wholesale gas prices nearing a four-year high and forecasts hinting at further hikes in January, the UK remains vulnerable to global market swings. While heat pumps are gaining traction, the nation lags behind Europe in reducing gas dependence — leaving households exposed to price shocks as winter looms.
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