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The Bank of England Base Rate.
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Chancellor Rishi Sunak will impose a windfall tax on energy firms alongside a package to help households with the cost-of-living crisis.
The energy price cap is now expected to rise to around £2,800 in October, according to the UK's energy regulator.
Inflation has hit its highest level in 40 years amid the deteriorating cost-of-living crisis, according to the latest figures from the Office for National Statistics (ONS).