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Why We Are Here => Economics & Investing => Topic started by: rcjordan on October 08, 2022, 03:06:32 PM

Title: UK: Company insolvencies at highest level since 2009 as energy bills bite
Post by: rcjordan on October 08, 2022, 03:06:32 PM

https://news.sky.com/story/company-insolvencies-at-highest-level-since-2009-as-energy-bills-bite-12714313
Title: Re: UK: Company insolvencies at highest level since 2009 as energy bills bite
Post by: BoL on October 08, 2022, 04:46:02 PM
I know of a few companies that have faced a 500% hike. Not sure how much the gov intervention has rounded that down.

Seems like a lot of pubs and restaurants would be in danger with less cash going about & their own energy bills. Might have to be more selective about their opening hours.
Title: Re: UK: Company insolvencies at highest level since 2009 as energy bills bite
Post by: rcjordan on October 09, 2022, 02:06:16 AM
"Oil and liquefied petroleum gas are not covered by the energy price cap which came into force on October 1"

Cost of living: Off-grid businesses are being forgotten - BBC News

https://www.bbc.co.uk/news/world-63160122