Yesterday’s print and electronic media in the United Kingdom had as their lead story the just announced 80% rise in the price cap on energy as from October. The new bill to households will come to approximately 350 euros per month, or the equivalent of 25-30% of take home pay for a large segment of the working population, more of course for those at the bottom of the wage scale. As British journalists remarked, by winter this will put many families before the stark choice of heating or eating.
Similar grim news on rising energy costs were on the front pages of Le Monde and Figaro in Paris, where energy costs to consumers are now running at 10 times the level of a year ago.
Iran’s Press TV channel convened a panel discussion on its ‘Spotlight’ evening program to discuss the causes and likely consequences of the looming crisis in Britain and across Europe.