Britain to see 80% spike in energy bills as crisis deepens

The power in her London home has gone off suddenly three times recently, once when her partner was cooking an egg.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

To blame for the increase is the soaring price of wholesale natural gas triggered by Russia’s war in Ukraine, which is driving up consumer prices and roiling economies across Europe that rely on the fuel for heating homes and generating electricity. Jon Taylor, who helps Jones and others at debt counseling charity Christians Against Poverty, said growing numbers of people who have never had debt problems are turning to the group’s helpline.

The drop in living standards is “of a scale we haven’t seen for many decades,” said Rebecca McDonald, the charity’s chief economist. “It really warrants big and creative national policy interventions in order to prevent what is a difficult year becoming essentially a catastrophe for many low-income families.”Article content

But the government has said no further measures will be announced until the Conservative Party announces a new leader to replace Boris Johnson on Sept. 5. Neither Liz Truss nor Rishi Sunak, the two politicians vying to become the next prime minister, appear to support taxing energy giants.Article content

Unions across multiple key sectors have reacted by going on strike to demand pay raises that keep pace with inflation. A series of national rail strikes brought the U.K. train network to a standstill during peak travel days this summer, and postal and port workers, garbage collectors and lawyers have all staged walkouts over pay disputes.Article content

Western Europe thought they could bully Putin! He has basically destroyed deep state's cash cow: ukraine. All the European, American and Canadian bravado has been funny to see 😅😅😅

🤷‍♂️...but the climate!! Get er into ya. Reap what ya sow!!

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Britain to see 80% spike in energy bills as crisis deepensJennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And when she can’t pay, she feels the impact immediately. And Canada could help them right away but Trudeau with his bought MSM will do nothing but watch our allies suffer! Ham. Sanctions have consequences. Who knew?
Source: CP24 - 🏆 30. / 67 Read more »

Britain to see 80% spike in energy bills as crisis deepensJennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And when she can’t pay, she feels the impact immediately. And Canada could help them right away but Trudeau with his bought MSM will do nothing but watch our allies suffer! Ham. Sanctions have consequences. Who knew?
Source: CP24 - 🏆 30. / 67 Read more »

Britain to see 80% spike in energy bills as crisis deepens | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
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