Are we in a cost of living/cost of doing business crisis? No is the short answer. The longer answer is that only a minority of households and businesses are facing crisis – individuals who drive a lot in non-electric vehicles and companies that are heavy users of energy. But these are minorities and, in the case of individuals, they are a shrinking minority – higher fuel prices since March have led to a huge increase in electric-vehicle sales so far this year. The cost-of-living non-crisis was reaffirmed this week with the first inflation numbers for October. Prices are rising by…
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