Soaring energy bills in the UK as winter looms
On Oct. 1, natural gas bills in the U.K. will go up by 80 per cent. Most households rely on natural gas for heat, and this means their energy bills would increase from an average of £1,971 to £3,549 a year. For one third of people in the country, that would mean falling to below the poverty line. The new Prime Minister Liz Truss’s plan is to cap energy bills and pay the difference to energy companies, but estimates say the plan could cost more than £100-billion. Europe correspondent Paul Waldie tells us what this crisis means for the people and businesses in the U.K. and what’s being done to fix it. Questions? Comments? Ideas? Email us at [email protected]
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Show Notes
On Oct. 1, natural gas bills in the U.K. will go up by 80 per cent. Most households rely on natural gas for heat, and this means their energy bills would increase from an average of £1,971 to £3,549 a year. For one third of people in the country, that would mean falling to below the poverty line. The new Prime Minister Liz Truss’s plan is to cap energy bills and pay the difference to energy companies, but estimates say the plan could cost more than £100-billion.
Europe correspondent Paul Waldie tells us what this crisis means for the people and businesses in the U.K. and what’s being done to fix it.
Questions? Comments? Ideas? Email us at [email protected]
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