Thousands of families will spiral into debt, once-affluent households will be forced to watch the pennies, savings will be devoured and spending will dry up. Recession is inevitable.

Could our country have done anything to prevent it? The wholesale cost of power will have risen five-fold by next year, driven up by supply issues exacerbated by Russias war on Ukraine. Yet we are not just paying for pricey power.

Our bills have been inflated by repeated regulatory failures and expensive government eco-vanity projects. The 13bn smart meter roll-out bumped up our bills over the years, while the collapse of tiny firms that were allowed to take on hundreds of thousands of customers has added 94.

The Government has put the cost firmly on our shoulders by triggering a countdown to net zero. We are told we should all be driving electric cars and warming our well insulated homes with farcical heat pumps, but we are expected to pay for it at a time when family finances face unprecedented strain.

The British people have been neglected while the Government dropped everything in its trance-like pursuit of net zero. As a result, our household wealth is being used to pay for our countrys unforgivable dependency on foreign energy, failure to invest in self-sufficiency and exploit our own natural resources.

And its too late for the Government to do anything meaningful about it. Households will get 400 off their bills, but the Treasury may well have to dig deeper. We will all end up paying the price for net zero folly, whether it is as energy bill payers or taxpayers.

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Britain will pay a heavy price for falling into a net zero trance - The Telegraph