LONDON - Britain announced Friday a vast 80-percent hike in electricity and gas bills, in a dramatic worsening of the cost-of-living crisis before winter as the country awaits a new leader.
The announcement sparked outcry from charities which said financially-squeezed households faced one of the "bleakest Christmases" for years. The rampant cost-of-living has dominated the race between Liz Truss and Rishi Sunak to succeed Conservative Prime Minister Boris Johnson. But Johnson, who has been on holiday twice in recent weeks, has promised to leave major fiscal decisions to his successor.Foreign Secretary Truss says she favours tax cuts over direct "handouts".
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