UK economy grows 0.8% as post-Covid recovery continues despite cost of living crisis
Energy bills will rise next month for millions of households on price-capped standard variable tariffs, rising by nearly £700 on average to £1,971, reflecting a rise in wholesale costs prior to the war.Chancellor Rishi Sunak said: "We have provided unprecedented support throughout the pandemic which has put our economy in a strong position to deal with current cost-of-living challenges.
"We are continuing to help people where we can, including through over £20 billion of support this financial year and next. "We know that Russia's invasion of Ukraine is creating significant economic uncertainty and we will continue to monitor its impact on the UK, but it is vital that we stand with the people of Ukraine to uphold our shared values of freedom and democracy, and ensure Putin fails."where he's expected to announce plans for spending.
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