Britain To See 80% Spike In Energy Bills

August 26, 2022 4:22 am

LONDON (AP) – British residents will see an 80% increase in their annual household energy bills. The U.K.’s energy regulator announced Friday that costs will go from 1,971 pounds a year to 3,549 pounds in October. It follows a record 54% annual spike in April. The costs are roiling the British economy, which has the highest inflation rate among the Group of Seven wealthiest democracies and seen disruptive strikes for months as workers push for pay to keep pace with the increasingly expensive cost of living. Charities, public health leaders and even energy firms warn of catastrophic effects on poorer people already struggling to afford essentials.