Tag Archives: energy

By Helen Pattison, Socialist Party Executive Committee The economic impact of the US-Israel war with Iran has begun to be felt around the world. Oil prices rose to a four-year high of over $120 a barrel and fluctuates hour by hour as the war goes on. Keir Starmer is clearly worried that rising inflation will make his government even more ...

By Josh Asker Liz Truss’ announcement of an estimated £150 billion bailout for the energy industry is not enough to even lower our bills. In fact, on 1 October the average typical household bill doubled from its level twelve months previously. The bailout, replicated in different ways across Europe, is a condemnation of the model of privatisation of the energy ...

By Adam Harmsworth Energy bills rose dramatically for the second time this year on 1 October, deepening the fear in poorer households about how to make ends meet. Prices for everything keep rising while wages, benefits and pensions stagnate. In advance of the rise, poverty charities and Martin Lewis the ‘money-saving expert’ had been frantically telling people to submit meter ...

By Sarah Sachs-Eldridge There is nothing inevitable about the dire predictions for rising poverty coming to pass. The mass inability to pay energy bills that’s on the cards, with the illness, suffering and even deaths that will bring, must be resisted. Mass workers’ action can change the course of events in the interests of the working class. What is threatened ...

Gas and electric bills set to soar by 50% this year By Jaime Davies While millions will have to choose between heating or eating, the big energy companies are laughing all the way to the bank. BP and Shell are making £900 a second in profit! Every six months, the energy regulator Ofgem reviews what the maximum amount should be ...