Ofgem to hike energy price cap to help firms handle record bad debts

Contributing sentiments towards policy:

50% : "A recent survey from National Debtline put the number of UK adults in energy bill arrears at 6.4 million.Soaring gas and electricity prices led the cost-of-living crisis and the wave of inflation that swept the UK and led to 14 consecutive interest rate rises, which took the base cost of borrowing to 5.25% this year.
43% : JRF's chief economist Alfie Stirling said: "The central bank is talking tough on interest rates while four million families are sitting on debt taken out just to pay vital bills," adding:"To turn things around requires decisive intervention from government, not the Bank of England."

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