, Columnist
Where Should Brits Invest Now? Think Jumpers and Duvets
The UK faces higher energy bills and borrowing costs, as well as prolonged inflation. Consumers have to prepare before winter gets bleak.
Prepare to bundle up.
Photographer: Dan Kitwood/Getty Images EuropeThis article is for subscribers only.
It’s not just governments and energy companies worrying about keeping the lights on this winter. British consumers are hunkering down (and even ripping out their beloved gas-guzzling Aga cookers) for some hard months ahead.
Brits are wise to prepare for the worst. Although the government’s plan to cap energy bills takes some uncertainty out of households’ cost-of-living calculations, they now face the prospect of inflation lasting well into next year and more expensive borrowing costs, too.