The UK rate of inflation rose to 9% in April 2022, the highest rate for three decades. A cap on domestic fuel prices also increased in April which will double household’s fuel bills. Initially the government did rather little to respond to what is being called “The Cost-of-Living Crisis”, especially for those with low incomes. However when the energy regulator announced that there would be a further 32% increase in the fuel cap in October 2022 the Chancellor announced a package of support costing £37 (€43.7) billion this year.
|Type||ESPN Flash Report|
|Media of output||on-line|
|Number of pages||3|
|Publication status||Published - 4 Jul 2022|