ENERGY COSTS

Like everything the situation is complex. Governments across Europe need to ensure there no deaths from the cold this winter – our government seems concerned than just about everyone else. Short term fixes are expensive with no return, just as the Covid lockdown was. In the medium term fuels prices need to come down. The main way this will happen is less use, and the capitalist way of doing this is higher prices. Higher prices hit industries and the poor. So there is a fine balance to be met. The first price hike can probably be tolerated by the middle to high income families, and will result in behavioural change. These changes will have a devastating impact of the hospitality sector like pubs and restaurants.

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