UK Energy Crisis Is 'Bigger Than The Pandemic'

 

CNN: UK energy crisis is 'bigger than the pandemic' 

London (CNN Business)The United Kingdom will have to find an answer to soaring energy bills soon or risk a humanitarian crisis. 

But freezing gas and electricity prices over the next two winters could cost the government over £100 billion ($118 billion), more than it spent paying millions of people's salaries during the pandemic. 

Earlier this year, the UK government tried to protect households against 90% of the expected increases in energy bills through tax cuts, energy bill rebates and direct payments. 

But natural gas and power prices have shot up since then, as have forecasts of future increases.  

Read more ....  

Update: Energy bills forecast to top £5,300 a year in April's price cap (SKY News)  

WNU Editor: The cost to freeze UK energy bills will be astronomical .... Shielding Britain’s households from energy crisis ‘will cost more than £100bn’ (The Guardian). 

The blame is being put on Russia even though the UK does not import any natural gas from Russia .... Ukraine war: UK imports no fuel from Russia for first time on record (BBC).

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