British bills have grown 54% since today. Doubled in number of the poor in one night
The energetic Judgment Day, known for months, has come for the citizens of the United Kingdom. The new electricity tariffs defined by the sector authority Ofgem establish a 54% increase in the price of electricity which will affect 22 million British consumers. From one day to the next the price doubles, with an additional annual cost of 693 pounds, about 800 euros.
Obviously, the social repercussions will be strong and painful: overnight families in difficulty in paying their bills, i.e. those who use at least 10% of their income for energy needs, have doubled, going from 2.5 to 5 millions. So we have double the number of people who have to choose whether to pay for electricity or buy food, fuel to go to work or clothes needed for themselves and their children.
This increase, among other things, comes after another notable increase in prices that occurred last fall, which had already increased spending by another 30%. In short, in the end English families are facing the greatest reduction in their well-being since the Second World War. For what? For a series of sensational errors in energy policy and for having chased the myth of a devastating decarbonisation.
Jonathan Marshall of the resolution Foundation said there is a need "to have a clear long-term strategy to improve home insulation, increase renewable and nuclear electricity production and reform energy markets so that household energy bills are less dependent on global prices. of gas ". However, this requires money, and above all a long time. in the short term all that remains is to tighten the belt, and make a new hole. It is impossible to compensate for 20 years of errors and missed investments in three months. Meanwhile, many will go hungry.
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The article As of today, UK bills have grown by 54%. Doubled in number of the poor, in one night it comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/da-oggi-bollette-britanniche-sono-cresciute-del-54-raddoppiato-in-numero-dei-poveri-in-una-notte/ on Fri, 01 Apr 2022 09:00:01 +0000.