Energy price cap in the UK increases by 50%

[GemState]

Gonna be a rough couple of years for most people in the UK

 

[Basra]

I think there needs to be world war III for miracles to happen. The world economy needs to re-set.

 

[GemState]

Grim

 

[GemState]

The crazy part is that the UK consumer is actually quite well protected against energy price rises. Price caps are regulated there and don't fully reflect the wholesale increase. On continental Europe, they'll really suffer. At least the UK produces half of its gas consumption.

That speaks volumes about the direction of that Europe's heading in the coming years.

 

[Basra]

Gloom and Doom. Here we go.

 

[repo]

UK has enough gas to last them for 500 years but don't use it. Saudi Arabia had enough water to last them for 500 years but wasted it.