UK energy crisis risks squeezing households more than 2008 crash
The Edge Markets - World·2022-08-25 15:05
(Aug 25): More than half of UK households risk being pushed into energy poverty this winter by soaring bills that threaten suppliers with rising amounts of debt that simply can’t be repaid.
The crisis could have a bigger impact on households than the 2008 financial crisis, according to consultancy Baringa Partners. The bleak warning comes as bills are set to surge roughly 80% from October, just as the arrival of colder weather boosts energy demand.
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