Economics

U.K. Households Face £38 Billion Hit From Energy Bills, FT Says

A light on at a residential house at dawn in the Stalybridge district of Greater Manchester. 

Photographer: Anthony Devlin/Bloomberg
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U.K. households face a 38 billion pounds ($50 billion) hit from a surge in electricity and gas costs exacerbated by Russia’s invasion of Ukraine, the Financial Times newspaper reported.