Qualified advisers answering your
Financial Questions
call 0800 092 1245

Fuel poverty is spreading around the UK

It has been reported that at least a further 1 million of the UK population have slipped into fuel poverty, which basically means that they spend more than ten percent of their income on gas, electricity, etc. This now brings the total figure up to a shocking 3.5 million and blows wide open the government's argument that they have been doing all that they can to assist the worse off in society. So what next?

This figure of 3.5 million in the UK, and growing, is a little surprising when you consider that the price of oil has fallen dramatically over the last few weeks. You may recall that when the price of oil was rising the energy companies were attaching themselves to the rise but when the price came down they went very quiet.

We have yet to see a like for like move downwards in fuel costs across the UK and while the authorities have suggested that they will look into this nothing has been done as yet. Indeed if the forecasts for the winter period are correct we could see the price of electricity and gas move markedly higher over the next few weeks and months.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details