LIST
HIGHER HOUSEHOLD ENERGY BILLS
If predictions made prior to the referendum come to pass , energy consumers could have higher bills to contend with in the coming months . In late March , then Energy and Climate Change Secretary Amber Rudd warned that Brexit would likely cause energy costs to “ rocket by at least half a billion pounds a year .” The Guardian also reported that a leader at Centrica , which owns British Gas , predicted that customers would see higher energy costs in the event of a leave vote .
The value of Sterling has dropped
1 dramatically since the referendum result , and this will have a significant impact on the cost of imported energy . A report by Greenpeace ’ s Energydesk identified trade data suggesting that the UK spends nearly £ 21 billion on imported energy each year . If the pound drops the 20 percent that insiders claimed it could , energy consumers would bear the brunt of an extra £ 4 billion in imported energy bills .
While a lower-value pound could increase the UK ’ s export revenue , though this must be set against the prospect of higher trade barriers .
22 August 2016