Inflation & Prices
UK Lobbies Call for Once ‘Unthinkable’ Plan on Energy Crisis
- Researchers say Covid-scale bailout needed for consumers
- Natural gas prices now 10 times higher than decade’s average
Many households are already in trouble. The number falling behind on at least one utility bill has increased from 9% to 14% between October 2021 and June 2022,
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Two UK research groups warned that the government will have to draw up previously “unthinkable” measures to protect households and businesses from a winter catastrophe caused by punishingly high energy costs.
The Resolution Foundation and the British Chambers of Commerce in separate proposals Thursday call for Covid-style emergency support to deal with soaring costs.