High electricity and gas prices – there is a risk of mass poverty in Great Britain

The war in Ukraine is affecting electricity and gas prices in Western Europe. The British are particularly hard hit, where millions of households are likely to freeze in winter. According to the consumer portal Uswitch, six million customers are currently sitting on an average of 206 pounds in outstanding bills, which corresponds to 235 francs.

This number is likely to explode when the heating season begins and the state price cap for gas and electricity is massively increased in two stages in October and January 2023. According to the Cornwall Insight institute, the annual heating costs for a household will then increase to up to 4266 pounds (4870 francs). The Bank of England forecasts inflation of almost 14 percent, the highest in 40 years.

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