Sharing his analysis, he told followers: “ACTION: Liz Truss administration going to freeze prices at current level? If so, what does that mean for those on the price cap and corrections, and it’s good. Here’s rough provisional analysis of what may come…” In a document attached to the tweet, he wrote: “The planned energy price rise set for 1 October in England, Scotland and Wales is a disaster, only set to get worse in January with a further predicted 50 per cent increase . the standard bill then at £5,400 a year (we’re seven months into the 10-month assessment period, so the figure is likely in the right ballpark). “Forecasts after that are more difficult, but the potential is still very high, unless we see an end to the war in Ukraine or there is a global economic recession.” READ MORE: Savings provider raises rate to ‘market-leading’ 3.50%
