Soaring energy bills, double figure inflation and rising interest rates threaten to pour cold water on the post-pandemic bounce back unless new prime minister Rishi Sunak acts quickly, experts fear.
“The worry is that we’re entering a very uncertain period,” said Alan Bowen, legal advisor to the Association of Atol Companies. “Nobody will book in January and February if they don’t know what their electricity and gas bills will be in April,” (when government support ends), plus food bills are going up every week.”