The UK chancellor is giving a one-off payment of £1,200 to the most vulnerable households, while U-turning on a windfall tax for energy companies.
Decommodifying energy could ensure no one dies because they can’t afford to pay a bill.
Millions of people will risk their health to afford heating and electricity in the months ahead.
Starting out is getting more and more expensive.
Economists shape the world in many ways, but some of their conclusions are counter-intuitive to say the least.
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
Democratic nations are adept at evolving to deal with economic shocks.
Grain and fertilizer shortages, higher shipping costs and a strong dollar are all pushing food prices up and increasing hunger in dozens of vulnerable countries.
The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
There’s no evidence the Australian government’s so-called ‘Big Stick" power pricing law have achieved anything, or were ever needed.
More than 6 million UK households may now be unable to heat their homes.
The total release could reach 180 million barrels over six months, which would make it the biggest in the history of the Strategic Petroleum Reserve.
A month when the cost of living crisis will be harshly felt.
Consumers are feeling pain at the pump and demanding solutions. Some politicians are pushing gasoline tax waivers – but that means less money to fix roads, and often not much economic relief.
Australia might be a long way away, but fossil fuel price spikes triggered by the Russian invasion of Ukraine are hitting households hard. We could have avoided this pain.
The Russian invasion of Ukraine will have global impacts far beyond the region directly involved in the fighting. Food prices will increase, and the effects will be felt by the most vulnerable.
Europe’s options of alternative sources of oil are limited,
Learn to avoid paying more than you need to – without having to put up with being cold.
The cost of living crisis could get even worse.
UK law currently regards heat as a physical characteristic, rather than a useful resource.