uziq wrote:
the energy costs are not 'much higher'. british people are now expected to spend 10–20% of their total salaries on energy bills.
increases are 'inevitable' but the fact is that france's rise this year is 4%. the UK, thanks to gutless regulators/politicians, have just seen a a triple rise in the energy cap price.
median salary in the UK is about £25k, depending on your source. energy bills are forecasted to be up to £3500 per year.
france's energy bills are NOT more expensive. that's just plain wrong. pointing out that energy sourced from nuclear has a higher cost per kW/hr than north sea oil is a total canard in this discussion. the price of energy is set by many more factors than the cost-of-production.
Historically France has used a lot of nuclear and not much gas, so when the gas price goes up it doesn't affect them too much.
That and the govt has put a temporary subsidy in place whereas Britain hasn't, this isn't complicated.
So median income is about what I was earning in my first salaried job? Crikey.
The UK is coming out of the blip and reverting to people spending 33% of their income on housing, 33% on energy, 33% on food.
Of course the rest they can spend as they please.
Here is some of the problem
![https://www.keycurrency.co.uk/wp-content/uploads/2021/08/GBP-to-EURO-Chart.png](https://www.keycurrency.co.uk/wp-content/uploads/2021/08/GBP-to-EURO-Chart.png)
The British economy is completely fucked at this point, years and years of unproductive spending and lack of forethought have put it there.
There's no magicking away 20-30 years of failure.