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Cost of a cuppa set to boil over thanks to Brexit as Typhoo Tea battles fall in sterlingThe price of a cup of tea is set to go up thanks to

Brexit . Typhoo Tea has been battling the fall in the va

lue o

f sterling since June and now says it has to act. The company sells 95 per cent of its tea in Britai

n and produces millions of bags a week in a factory in Moreton, Wirral. Wi

th

the price of sterling plunging following the vote to leave the EU, costs have soared. CEO Somnath Saha says Typhoo now has to act

. Read MoreRelated ArticlesFrom British Airways fare hike to Apple price increase and even end of free gym towels - how Brexits biting The pound has fallen to a record low after the EU referendum vote This is an absolute disaster for a company the size of ours, says Mr Saha. The very sharp fall in the pound means the impact is at least a quarter of a millio

n pounds a month for us. This is having a very negative impact on our business and we are really suffering. Its now c

ome to a point where its not sustainable for us. It comes as millions of families face a pre-Christmas energy bill hike

fuelled by Brexit . Power giants are expected to protect their margins following a huge jump in wholesale costs and the crash in sterling’s value since the EU referendum vote. Experts fear electricity bills will go up by 5 per cent this winter, adding 25.60 to household bills and costing 18 million customers on standard tariffs an extra 465million a year. Energy is among several imported goods set to become dearer because it is priced in dollars. Some suppliers could delay an increase as they hedged against costs rising by pre彩神幸运飞艇全能计划王 -buying at lower rates earlier this year. Read MoreRelated Arti

clesTony Blair writes: If Brexit is a disaster we mus

t have right to change our mind (Image: Getty) But Mark Todd of switching site Enerygyhelpline.com said winter hikes seem almost inevitable after a 64 per cent rise in electricity costs since March. He told the Sunday People: “Electricity rises look ver

y likely. Gas price rises are also possible but not as likely, as the wholesale rise in the gas market has been lower at 51 per cent. “The main reason that wholesale energy prices are rising is the tumbling pound, making it more expensive to import. In some ways we are staring down the barrel of the gun of the first Brexit price rise.” Read MoreRelated ArticlesBrexit forces wining Remainers to pay 29p more for wine (Image: Getty) Energy analyst David Hunter, of consultancy Schneider Electric, said: “Given the pressure on wholesale costs, it is likely that suppliers will look to protect their margins.” The average standard gas and electricity bill is currently 1,063. Competit

ion watchdogs have found customers were overcharged by 2billion last year.

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