Electricity and gas prices in the UK have pushed household bills up by £4 a week, according to new research from Asda.
The supermarkets' disposable incomes index shows that soaring utility bills and the weakening pound is putting pressure on consumers' finances.
According to Asda's latest report, households were on average £4 a week worse off and now have £137 of discretionary income 2.9 per cent less than in the previous year.
President and chief executive of Asda Andy Bond said: "We cannot underestimate the impact this downturn is having on UK families and how important it is that action is taken to restore confidence in the banking sector and wider economy."
He added that the rising cost of imports, such as gas, was putting an upward pressure on retail energy prices.
Meanwhile, Green Energy has announced that it is reducing both its standard gas and electricity prices.
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