So there it is, Rishi to the rescue with a package of ‘support’ to offset rising energy bills, which covers less than half of the £693 energy bill hike for the average UK household from April 1 👀
£150 rebate on council tax for some and a £200 negative levy on energy bills from October to be repaid in instalments over the next five years. The Centre for Economics and Business Research forecasts a £1,980 rise in overall living costs. The government is trying to soften the blow, but it’s not enough for the brutal cost of living crisis.
All eyes are on the UK to see how we handle this.
And there’s Andrew Bailey, Bank of England boss, telling us not to ask for a big pay rise!! i.e. the 0.5% interest rate rise will be the first of many if we start demanding higher wages. All well and good if you’re earning half a million a year…
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