London: Thanasis Gavos
Its price reached its highest level since 1982 in April inflation in the UK, reaching 9%.
Data from the Bureau of National Statistics show rising prices for basic consumer goods and services, following an unprecedented 54% increase in the energy bill for the 23 million households subject to basic tariffs. providers’ variable charges.
The increase in the charging limit at the beginning of April was decided by the competent regulatory authority Ofgem. Ofgem cited the pressure on energy companies over the decision due to the huge increase in energy costs in the global wholesale market. As of August 2021, about 30 small and medium-sized energy companies in the UK have gone bankrupt.
Finance Minister Risi Sunak reacted by saying that the government “can not completely protect citizens” from the global challenges leading to rising inflation.
He added that the large rise in the index is primarily due to increase the ceiling on energy consumption charges.
However, he stressed that the government has taken steps to alleviate the pressure, such as subsidies to poor households to cover energy costs, reduce insurance contributions for millions of workers and favorable changes in the provision of welfare benefits.
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