Gospodarka

The average electricity user in Los Angeles spends $269 per month on electricity. In megadomes, the bill can run into the tens of thousands, and in extreme cases reach 50,000.more

The chairman of oil company Shell yesterday called on the British government to impose a tax on windfall profits earned by companies in the energy sector, his company among others, to protect the poorest from rising energy prices.more

The British Navy sent a frigate to the North Sea yesterday evening amid the potential risk of deliberately damaging the pipelines, the UK defense ministry said.more

British shoppers are expected to spend £4.4bn less on non-essentials – a fall of 22% – in the run-up to Christmas as a surge in the cost of living puts a squeeze on their spare cash.more

The UK faces a "significant risk" of gas shortages this winter, which could affect electricity supplies, energy regulator Ofgem warned in a letter released yesterday.more

Major mortgage lenders are increasing the cost of home loans, with the average two-year fixed rate now close to 6%, new figures show. A typical two-year fixed mortgage deal is currently 5.75%, up from 4.74% on the day of the mini-budget, financial information service Moneyfacts said.more

Thames Water, Southern Water and other companies will be forced to cut tens of millions of pounds from consumers’ bills after the regulator said they had missed pollution targets.more

The energy crisis is hitting consumer budgets hard. Amid soaring gas prices and a higher cost of living in general, many households have become increasingly worried about their energy bills. The average European household will see a rise of about 7 per cent in its cost of living this year, relative to what was expected in early 2021, according to International Monetary Fund (IMF) estimates.more

Although Christmas is almost three months away, it is already known that some cities in Italy will be running out of spectacular Christmas illuminations for the first time due to record high electricity prices. Savings planning is in progress. But there are also other ideas - for example, to illuminate the Christmas tree by pedaling a bicycle.more

After criticism from several Conservative and opposition Labor Party MPs, Finance Minister Kwasi Kwarteng confirmed that the government is backing away from the highly controversial decision to cut tax for top earners, which was announced just 10 days ago.more

Inflation exceeded analysts' expectations, yet they believe that it should start to decline in the next few months, reports Dziennik Gazeta Prawna. The CSO initially announced that in September inflation was 17.2 percent. per year and is "the highest in a quarter of a century".more

Prime Minister Liz Truss tells Laura Kuenssberg she stands by tax cuts announced on 23 September. She accepts the government could have "laid the ground better" before setting out its plan.more

W związku z utrzymaniem się inflacji, liczbą Amerykanów żyjących od wypłaty do wypłaty Prawa wszyscy odczuwają skutki coraz wyższych cen. Jak wynika z LendingClub, ostatniego raportu w br. 60 proc. ludzi żyło od wypłaty do wypłaty. Rok temu odsetek dziesięć poziomów 55 proc.more

Eurozone inflation is continuing to soar to record highs, with the latest estimate from the EU's statistics body predicting annual eurozone inflation of 10 per cent.more

In response to the annexation of four Ukrainian oblasts announced yesterday by Russian President Vladimir Putin, the British Foreign Ministry extended the sanctions imposed on Russia and called on the country's ambassador, Andrei Kielin, to convey a strong protest to him.more

The transmission of gas through the Baltic Pipe gas pipeline is about to start, Gaz-System announced on Saturday. Gas is already flowing to Poland through the Baltic Pipe gas pipeline - added the Baltic Pipe Project on Twitter. For about two months, the gas pipeline will operate at limited capacity.more

Soaring interest rates could result in a substantial reduction in house prices next year, experts have warned. The Bank of England has warned of significant increases to the base rate to help guard against increased inflation after sterling tumbled against the dollar following chancellor Kwasi Kwarteng's mini budget on Friday.more

The UK's economy grew in the second quarter of this year, contrary to an initial reading which said it had shrunk, revised official data suggests. Economic output rose by 0.2% between April and June, revised up from a previous reading of -0.1%, the Office for National Statistics (ONS) said.more

The Bank of England (BoE) announced yesterday that it had launched a temporary bond-buying program to calm financial markets and prevent "significant risks" to the UK's financial stability.more

Food prices rose at their fastest rate on record in September, with products such as milk and cakes getting more expensive, the British Retail Consortium says.more

Within a year of taking power, the Labor government will create Great British Energy - a public energy company that will supply energy from renewable sources, announced British opposition leader Keir Starmer at a Labor conference in Liverpool.more

Royal Mail workers are to hold 19 days of strike action over pay and terms and conditions during the peak postal build-up to Christmas. The Communication Workers Union (CWU) said the strikes will cover Black Friday and Cyber Monday.more

Jude Harford says she would rather not have a second job, especially as she has young children, but as living costs soar she felt she had no choice. more

The Bank of England on Monday said it is monitoring financial market developments “very closely” after a dramatic morning of turmoil saw the British pound fall to an all-time low against the U.S. dollar.more

The pound has fallen to a record low against the dollar as markets react to the UK's biggest tax cuts in 50 years. In early Asia trade, sterling fell close to $1.03 before regaining some ground to stand at about $1.07 on Monday morning, UK time.more