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Why is it so expensive to live in the UK?

Despite the fact that the UK has readily accessible supplies of oil, a well-developed energy network and expertise in the field of renewable energy it seems that the cost of living in the UK, especially energy bills, continues to rise. Since the privatisation of electricity, gas and water companies we have seen a conflict of interest emerge between consumers and businesses and shareholders.

As these companies continue to grow in size it is the interest of shareholders which appear to have been put at the forefront with consumers and businesses paying ever increasing charges for their energy supplies. Despite various promises by the UK government to review the sector and the volatility in prices on the way up, and often slow response to reductions in wholesale energy costs, consumers and businesses alike are still waiting.

Indeed it appears as though the UK government is more than happy to subsidise overseas parent companies who promised to invest significant money into the UK energy system and let UK taxpayers foot the bill yet again. There is no doubt that the UK government has lost control of the UK energy market with the vast majority now owned by overseas companies and despite a regulatory environment which appears to be tight, the companies in question seem to have the final say.

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