if you have an old kettle that takes ages to boil it may cost you 20 pounds to replace
it but if you get a new one you'll save 10 pounds a year for every year
on your 10 pounds a year every year on your electricity bill
when we think about the energy crisis in europe we usually think about france we think about germany
we've talked about the swiss authorities what they're doing um because this of course
is the area in which you know countries are going to be hit the hardest in terms of the
lack thereof of energy but the uk might just be the worst off out of all these countries
based upon how bad energy prices are already getting you know we we've seen that um average
brits are unable to pay for basic expenses like energy like gas and going into winter time this
is going to be very difficult some are saying that the uk is going to face the worst situation of all
and these aren't just random voices it's not just putin propagandists it's the international
monetary fund who's now coming out and admitting this if you don't believe me take a look at this
according to the international monetary fund brits are going to be hit by the worst energy
crisis in western europe the deepening energy crisis is hitting british households harder
than their peers in other western european states the guardian reported on thursday
citing analysis by the international monetary fund the report also pointed out that the difference in
cost burden on low income and wealthy households is far greater in britain than elsewhere in europe
this was attributed to the uk's heavy reliance on gas to heat homes and produce electricity
at a time of spiking prices in addition the uk has the least energy efficient homes in western europe
according to the imf the research found that the average uk household is expected to lose 8.3
of its total spending power in 2022 due to higher energy bills meanwhile in germany and spain
the figure is expected to be four percent only estonian and czech households face a higher impact
than the uk and all of europe the poorest ten percent of uk households are forecasted to spend
17.8 percent of their budget on energy this year while the wealthiest 10 percent will fork over 6.1
percent the difference of 11.7 percentage points is by far the greatest disparity among the 25
european countries assessed by the imf in france the difference is 3.9 percentage points while in
the netherlands it's only 2.5 percent okay it's getting so bad that uk credit card debt has soared
to record highs reliance on plastic has surged the fastest rate in 17 years credit card borrowing in
the uk accelerated in june at the fastest yearly rate since 2005. the guardian reported on tuesday
according to the report borrowing jumped by 740 million pounds 836 million dollars month on month
coming in sorry 13 higher than at the same time last year broader consumer credit which includes
unsecured personal loans and overdrafts spiked to 1.42 billion pounds 1.65 billion dollars surging
6.9 percent its fastest annual increase since march of 2019. now boris johnson has a great idea
to deal with all of this as he's taking his final visit to ukraine he says just buy a new kettle
just buy a new kettle yeah yeah sound crazy well it is the truth listen if you have an old kettle
that takes ages to boil it may cost you 20 pounds to replace it but if you get a new one you'll save
10 pounds a year for every year on your 10 pounds a year every year on your electricity
bill if you have an old kettle that takes ages to boil it may cost you 20 pounds to replace it
but if you get a new one you'll save 10 pounds a year for every year on your 10 pounds a year every
year on your electricity bill are you convinced yet will you vote for boris johnson again
uh yeah just buy new kettle buy new tesla buy you some solar panels but you
you'll be fine right it'll be fine buy some firewood buy some more blankets you'll be fine
it'll be fine just know that the age of abundance is over
and again i think that you know rather than deliberating about how much the pound is
it's going to be probably far more beneficial for europeans and for those in the uk to just start um
you know trading in more basic forms of commodities like this as winter approaches
right this is what one ounce of gold is going to look like in germany in the uk uh very soon
probably going to be the most important commodity as we move into this winter
all right very very concerning stuff coming out of europe
i feel bad for the european public but then again they were the ones who voted them into this mess
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