UK: 40% On Gas and Electric Bills

HOUSEHOLD energy bills will soar by up to 40 per cent this winter as oil prices continue to rise.

Families could be paying a quarter more for their gas as early as this summer, experts have warned.

Wholesale gas prices are already at a record high for this time of year. As investment bank Goldman Sachs predicts crude oil will rise to $200 a barrel from the current high of $123, household budgets look set to feel the strain.