European households and industries are suffering from soaring energy bills.

Soaring energy, food, and transport prices drove Britain’s inflation to a new high in October, jumping to a 41-year high of 11.1 percent.

Thousands of protestors from across England have converged on London, concerned about the future, amid the cost of living crisis, they are protesting against years of government inaction and a “Broken Britain.”

Divisions remain in the European Union over how to deal with the bloc's energy crisis.

Liz Truss has been accused of bringing in a “phony freeze” on energy bills.

Soaring profits at energy companies Shell and Centrica have been depicted as an “insult” to millions of Britons struggling with rising prices and the cost of living crisis.

The new year could see further increases to energy bills in the United Kingdom, providers have warned.