'Without government action, this will be incredibly tough for millions of hardworking families,' an official said.
Britain's energy regulator announced Thursday a hefty rise in energy prices, adding to the country's existing cost-of-living crisis.
The British government is planning a package of measures to help residents, according to Treasury Chief Rishi Sunak. Last year's cold winter in Europe led to stored gas levels being much lower than normal and the hot weather in Asia led to more using air conditioning. Also, gas exports to northwest Europe from Russia were lower than reported, which helped increase the prices in countries such as Asia, Europe, and the U.K.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gas price rises to $3.39 per gallon, just shy of seven-year highThe average price for regular gasoline continues to rise and is only three cents away from a new seven-year-high.
Lire la suite »
UK energy bills to rise by over 50% in April as regulator announces hikeEnergy bills are set to rise drastically in the U.K. after the country's energy regulator announced its cap on prices would rise by 54% in April.
Lire la suite »
A Shortage of Avocados Is Causing Prices to Skyrocket — Eat This Not ThatAvocado prices are rising while supply is down. In fact, prices are nearly double what they were a year ago.
Lire la suite »
Starbucks planning more price hikes this yearStarbucks has been hiking prices as inflation soars and labor costs rise. And it's planning more this year.
Lire la suite »
Starbucks planning more price hikes this yearStarbucks has been hiking prices as inflation soars and labor costs rise. And it's planning more this year.
Lire la suite »