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New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

British households are facing a renewed cost of living crisis as inflation is projected to rise nearly three percent this July. Soaring energy bills, largely influenced by the ongoing Iran war, are the primary driver behind this increase. O...

The Guardian· Aug 16, 2026 · 2:47 PM · 1 views

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British households are facing a renewed cost of living crisis as inflation is projected to rise nearly three percent this July. Soaring energy bills, largely influenced by the ongoing Iran war, are the primary driver behind this increase. Official figures will be released on Wednesday, with the Bank of England potentially raising interest rates soon.

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#news #breaking #UKeconomy #inflation #costofliving

Originally reported by The Guardian. Read the full story →

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