Annual household energy bills in Britain are expected to jump from about $2,332 to $4,199 starting in October, increasing desperation among many.
Gas prices in Los Angeles and Orange County have dropped to the lowest point since March.
Jon Taylor, who helps Jones and others at debt-counseling charity Christians Against Poverty, said growing numbers of people who have never had debt problems are turning to the group’s helpline.Most analysts say the report for July suggests the rate of inflation has peaked and will gradually decline from its 40-year high.
The drop in living standards is “of a scale we haven’t seen for many decades,” said Rebecca McDonald, the charity’s chief economist. “It really warrants big and creative national policy interventions in order to prevent what is a difficult year becoming essentially aBritain’s Conservative government is under heavy pressure to do more to help people and businesses — and fast. Authorities have said they’re sending about $1,420 to low-income people.
Treasury chief Nadhim Zahawi acknowledged that the increase in the energy price cap would cause “stress and anxiety.” But he insisted that the government was ready to develop more options to support households.
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