The Sin Bin • Energy price cap and inflation

So, UK inflation is currently 6.2% (based on official figures) and expected to keep on rising, forecast to rise to 7.4%, before falling back next year and further back to somewhere around the 2% target in 2024.
However, "real" inflation is somewhat higher and it is the make up of the "shopping basket" that is allowing the figure to be published at a lower level.
The first part of the Energy Price Cap is due to be removed from tomorrow, with an estimated £700 being added to the average UK bill.

Mr Sunak mad some changes a week or so ago, which were designed to help the poorest in the UK but, everyone is going to take a severe "hit".

Could and should the Government be doing more to help or, do we all just "suck it up" ?

Statistics: Posted by wrencat1873 — Thu Mar 31, 2022 2:36 pm — Replies 0 — Views 25

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