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By Chloë McCulloch2022-02-18T07:00:00
The impact of on businesses is not yet part of the public debate – but it should be
Petrol prices hit 148p a litre over the weekend, a new record mostly driven by the cost of wholesale energy shooting up in response to the build-up of Russian troops on the Ukraine border. At the time of writing, diplomats warned a Russian bombardment “could happen at any time”.
But even before this threat became so real, media headlines focused on how spiralling energy costs would create a cost of living crisis for millions of UK households. Earlier this month the chancellor announced a £350 rebate (£200 of it a loan) to help people pay their bills ahead of the energy price cap rising in April.
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