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Britain embraces for the worse

Global price hike due to Russia-Ukraine war


Published : 31 Aug 2022 10:06 PM

The economic crisis has been looming high for the last few months in Britain, especially the misery affected largely in food and energy since the war between Russia and Ukraine.

Six high-ups of the British government also predicted that 50 percent of households may face hardship as commodity prices continued to rise.

The situation turned so worse that the managing director of customers at energy giants EDF, Philippe Commaret made an alarming prediction that the price cap could sky-rocket in January and inflation may reach a staggering 18.6 percent. 

The UK government despite admitting the inflation of foods and energy is unable to announce a solution to the crisis. The Minister for disabled people Chloe Smith, who 

 admitted the energy price rise, said that the government would not be offering to the public on making savings to get through the coming months - ‘’I don’t think you will find the Government giving out tips of that kind,’’ she said. 

John Healey, the shadow defence secretary, said that Labour would want the price cap frozen over the winter, for 30 billion pounds for six months. 

‘’People are facing a winter emergency crisis over the next six months, the crisis is immediate, the need for action is urgent.’’ 

Millions of households to face a fuel crisis would have to spend more than 10 percent of their disposable income on their energy bills. But Downing Street has taken a firm stand that there is no need for consumers to panic.

‘’Household business and industries can be confident they will get the electricity and gas that they need over the winter,’’ he said. 

Meanwhile, people, who draw 40,000 to 45,000 pounds monthly salaries, demand support from the government to comply with their income and expenditures with the inflation of all commodities including energy. 

The crisis in Britain has affected migrant Bangladeshis as well.

Mahmuda Akhte, wife of Abdul Jalil who came to England a few years moving from Italy said, “We have been living here for the last 10 to 12 years but unbelievably prices of all household commodities are abnormally high. The price increase of some of the grocery items is beyond imagination.’’

Besides Mahmuda, Nasima Khatun, and Nasrin Akhter Moni, some of them are doing part-time jobs in England and especially in London.

“We are worried about how would we survive with prices of essentials going up almost daily,” said her worried face of Nasima.

The house rents are also going up along with food, necessary household items and of course, energy bills.

Many have expressed deep concerns are many of the resident Bangladeshis have already received notice from house owners that they would have to pay 200 to 300 pounds more than they have been paying now.

British citizens are facing one of the worse situations having already faced Brexit and predict the worse is yet to come.