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Originally Posted by OLD BOY
They are already getting support now. The increased price cap is for October.
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What about small businesses?
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The energy crisis is tearing through Britain’s high streets, with warnings on Friday of a “lost generation” of small businesses, as the impact of soaring gas and electricity prices begins to hit cafes, restaurants, shops and salons.
Across the UK, growing numbers of traders are closing their doors for good in the face of unaffordable costs driven by record inflation, with some reporting tenfold increases in utility bills.
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https://www.theguardian.com/money/20...g-energy-bills
Quote:
Originally Posted by OLD BOY
Russia has failed the world. They were trusted to ensure continuity of supply and we did business with them.
The markets have reacted appropriately by increasing prices to reflect increased demand. How people who can't afford it are helped is a matter for governments.
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Even the most pro-Russian of politicians would find it hard to acknowledge Russia was anything but untrustworthy after its invasion of Ukraine back in 2014. But I didn't see the UK seeking to mitigate this risk by building more nuclear power stations or increasing our gas storage in reaction to this. In fact, we continued to decommission nuclear power stations and reduce our gas storage.
Placing your country's energy needs in the hands of global energy markets puts you in the hands of geopolitical troubles. It's an approach which has failed the country and the flawed UK energy market needs reforming.