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Energy bills rise 'inescapable' if oil prices stay high, says British Gas boss
Centrica’s CEO cites Middle East conflict-driven oil and gas price spikes as key factors behind a forecasted £332 rise in UK energy bills from July, per Cornwall Insight.
- British Gas boss says that if oil prices stay high, a rise in energy bills is 'inescapable'.
- The boss stated that the closing of the Strait of Hormuz has caused a loss of around 20% of global oil supply and 3-4% of global gas supply.
- The prime minister will hold an emergency meeting with senior ministers and the Bank of England governor to discuss measures to counter the potential impact of the war on the cost of living in the UK.
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Total News Sources10
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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