FEBRUARY 4, 2022 BY JOHN HINDERAKER at PowerLine:
LIVING STANDARDS PLUMMET IN UK; ARE WE NEXT?
This striking report is from theLondon Times:
Families will experience the biggest fall in living standards since records began, the Bank of England revealed today, as energy bills were confirmed to rise by £700 per household.
In a bleak assessment of the year ahead, the Bank’s monetary policy committee warned that take-home pay would fall by five times the amount it did during financial crisis of 2008.
This seems newsworthy: the “biggest fall in living standards since records began”– although, to be fair, the records in question only go back to 1990–and take-home pay declining by “five times the amount it did during the financial crisis of 2008.” So, what is causing this severe hit to the well-being of English families? Unreliable–i.e., “green”–energy.
It came after Ofgem, the energy regulator, confirmed…
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