like we are being listened to, and actually feel like we are being taken care of, for a change! global rice taken care of, for a change! global price pressures taken care of, for a change! global price pressures have taken care of, for a change! global price pressures have made - taken care of, for a change! global price pressures have made it - taken care of, for a change! global price pressures have made it hard | taken care of, for a change! global. price pressures have made it hard to balance the books here at home. big! balance the books here at home. by! ten! as wholesale balance the books here at home. by! ten! as wholesale energy balance the books here at home. by! ten! as wholesale energy prices - balance the books here at home. by! | ten! as wholesale energy prices have surued, so ten! as wholesale energy prices have surged. so has ten! as wholesale energy prices have surged, so has the ten! as wholesale energy prices have surged, so has the price ten! as wholesa
made it hard to balance the books here at home. as wholesale energy prices have surged so has the price at which companies are allowed to sell it. the price cap was introduced in early 2019 and was pretty stable until it shot up to nearly £2000 this april and it s forecast to hit £2800 this october. there are already 6 million households spending more than 10% of their disposable income on energy, one definition of fuel poverty. that was forecast to hit 12 million later this year and it s notjust energy that is crushing household incomes. general inflation is already at 9%, a a0 year high, and its expected to hit 10% later this year. leading economists say many will now be spared fuel poverty but some nagging questions remain. this is a big package. the chancellor is doing a lot for those on the lowest incomes, who he has effectively ignored up till now. he might have some worries though. first, can this really be
and energy bills due to go up again soon, many businesses and households are braced for fuel to drive a further cost of living squeeze. katy austin, bbc news. and i think it is important to remember it is notjust energy. ukraine remember it is notjust energy. ukraine and russia employ about a quarter ukraine and russia employ about a quarter of ukraine and russia employ about a quarter of wheat, 20% of corn. some reports quarter of wheat, 20% of corn. some reports current makers are unable to import reports current makers are unable to import parts reports current makers are unable to import parts from ukraine. some are not exporting to russia. this feeds into the not exporting to russia. this feeds into the volatility in global markets when they are still reeling from the markets when they are still reeling from the pandemic. it is another reminder. from the pandemic. it is another reminder, away from the politics, and humanitarian crisis, that what is happening there is
kris had a letter saying his bill is going up by £600 a year. he writes, at this point i may as welljust take money out and set it on fire. this might only be the beginning. the conflict in ukraine is going to affect this even more by pushing up wholesale costs. it s predicted the price cap could go up to nearly £3,000 a year in october. and it s notjust energy. the global cost of oil has also surged that has a direct impact on prices at the pumps. petrol now costs more than £1.50 a litre on average diesel even more. april also brings a rise in national insurance plus the general inflation and food price increases we ve seen and will continue to see. so these changes to energy bills could not come at a worse time. the government has pledged to help with a one off loan but many people will still be worried. so what can you do? the good news is that there is a range of support the energy company can offer you,
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