Scottish Power chief proposes capping household energy costs at about £2,000 a year, ahead of Friday’s price rise announcement from Ofgem

The cost of helping households and businesses through the energy price shock would lead to the third large increase in UK national debt in 15 years (following the 2008 financial crisis, and Covid-19).

But as Resolution Foundation’s Torsten Bell points out, there’s a difference this time – the cost of borrowing is going up.