Rishi Sunak has declared bankruptcy after seeing how much it will cost to heat the twelve homes he and his wife own.

The multi-millionaire ex-banker and husband of a billionaire heiress has declared bankruptcy after working out how much it will cost to heat his twelve homes after the recent energy price rise.

“The new heating bill is untenable and outrageous. Someone should do something about this,” he complained.

Sunak has offered every Brit a £200 loan on their energy bill this year, which they must pay back in £40 instalments over the next five years. Sadly, for Sunak, the figure isn’t enough to cover the rise in energy costs for him.

“People who’ve only got one small house are lucky. One tiny house doesn’t cost that much to heat. I have to pay for twelve massive homes to be heated. It’s not fair,” he grumbled.

The chancellor could now be forced to live in his official residence of 11 Downing Street.

“There’s an obnoxious white couple next door that host parties and play loud music into the small hours of the night. Needs must though, I suppose,” said Sunak.