Britain’s Energy Price Cap Policy Is Costing It Billions ...Middle East

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Britain’s Energy Price Cap Policy Is Costing It Billions
source : OILPRICE ( Middle East ) () 18
UK borrowing surged over the last year due to the government partially covering the cost of household energy bills, official figures out today reveal. The UK’s debt pile swelled £13.5bn last month, up more than £4bn compared to October 2021, according to the Office for National Statistics (ONS). Although high, the figure was far below the £21bn predicted by City analysts. Last month marked the start of the government’s £2,500 energy bill cap, first introduced by former prime minister Liz Truss for two years,…

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