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Boris Johnson’s UK energy crisis

Inflation and rising energy prices are shaking democratic politics around the world, and the UK is a prime example. But while the rest of Europe is getting serious about energy after Russia’s invasion of Ukraine, British Prime Minister Boris Johnson is still in the clouds.

UK households and businesses are caught in an energy price emergency, largely caused by London. Households saw regulatory price caps for electricity and natural gas rise by 54% on April 1, and price increases for commercial and industrial real estate were even steeper. In part, this is due to rapidly rising global natural gas prices, which have bankrupted some retail energy suppliers. But green energy levies and subsidies and the UK Excise Duty or VAT play an outsized role.

https://www.wsj.com/articles/boris-johnsons-energy-crisis-u-k-russia-ukraine-europe-11649450880 Boris Johnson’s UK energy crisis

Ethan Gach

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