Consumer fear grows over rising energy prices

UK consumers fear rising energy prices more than anything else when it comes to the squeeze on household finances.

According to YouGov’s Household Economic Activity Tracker, UK consumers are more worried about energy prices than unemployment, inflation and taxes.

Commenting on the findings, Joe Twyman, YouGov director of political and social research, said: “The UK’s consumers are aware that Britain’s major energy suppliers are all expected to raise prices over the next few months, and the results of our survey clearly indicate they are very concerned about the impact that change will have on their household’s finances.

“The degree to which consumers are worried about energy prices compared to things like unemployment is particularly interesting and is a reflection of the fact that the rise in energy prices this winter is something that is going to affect everyone.”