Brits Worst Hit by Energy Crisis

The deepening energy crisis is hitting British households harder than their peers in other Western European states, UK media reported, citing analysis by the International Monetary Fund (IMF).

The report also pointed out that the difference in cost burden on low-income and wealthy households is far greater in Britain than elsewhere in Europe, RT said Friday.

This was attributed to the UK’s heavy reliance on gas to heat homes and produce electricity at a time of spiking prices. In addition, the UK has the least energy efficient homes in Western Europe, according to the IMF.

The research found that the average UK household is expected to lose 8.3% of its total spending power in 2022 due to higher energy bills. Meanwhile, in Germany and Spain, the figure is expected to be 4%. Only Estonian and Czech households face a higher impact than the UK in all of Europe.