It feels like every week, there’s something new to worry about with the economy and its effect on our mental health. The fallout of the COVID-19 pandemic, alongside the war in Ukraine and the decade of austerity in my home turf of the United Kingdom, means that our cost of living has skyrocketed to the highest rate in decades.
Today’s news is even worse, though. The government regulator for the electricity and downstream natural gas markets in Great Britain, Ofgem, announced on Friday, August 26, that Britons will see an 80% spike in our annual U.K.
energy bills. This is following a record 54% increase in April, meaning the average customer could go from £1,971 ($2,332) per year to a shocking £3,549 per year.
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