Published On: Sat, Aug 27th, 2022

‘There is no alternative’ Bank of England’s hands tied as living costs surge

OFGEM’S price cap announcement today will allow energy companies to raise prices in the UK come October to £3,549 per year – an 80 percent increase on the last decision in April. While millions of Britons look to the Bank of England for an answer, economists explained the central bank’s officials have few methods available to modify the living cost crisis.
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