UK and European gas & power prices continue rising to truly scary levels.
The Government will have to act on a very large scale to support households, especially those on lower incomes - and also probably small businesses.
The scale of this shock is hard to overstate.
The Government will have to act on a very large scale to support households, especially those on lower incomes - and also probably small businesses.
The scale of this shock is hard to overstate.
For example - this is the forward price for UK baseload electricity this winter. Shown over the last 5 years to illustrate the scale of what's happening: 
This not just another energy shock / cost of living squeeze. It's a once in a generation threat to the solvency of many households and businesses that could scar the economy for years to come
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