None of us would say that energy is cheap today. Whether it’s fuel for our cars or gas and electricity for our homes we’ve been faced with ever-rising prices. For the poorest 10% of UK households, the cost of energy has doubled its share of income since 2004 (when it was 5.5%). This means that “fuel poverty” has rapidly increased too (defined as being when more than 10% of a household’s income is spent on energy). But the bad news is that with global gas prices soaring things are only going to get worse as we head into 2022. This is a global issue and not unique to the UK.
Over the year’s we’ve written numerous articles about managing domestic fuel bills. Now it seems the chickens have come home to roost and we all need to take this much, much more seriously. Below we’ve organised our articles into a number of themes.
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read about Amanda Gillam