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The Daily Express is reporting on a warning from the Bank of England that price rises “will bite even harder” in the new year. Inflation is set to rise “comfortably” above 5% next spring once the cap on energy bills is lifted by regulators, the paper says.

Daily Express Front Page 1st of January 2025

Pensioners who have been deprived of winter fuel payments are anticipated to be £500 worse off due to an increase in energy bills, sparking concerns among campaigners about the impact of the recent 12% rise in the price cap on gas and electricity costs.

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