Brits expect difficulty paying for energy bills: Poll
A poll claims that less than a third of Britons consider the war in Ukraine a major concern.
According to the latest poll by Techne, a London-based market and data research company, over 67% of residents in the UK expect problems paying for heating and electric bills.
For 58% of British citizens, the cost of living remains a priority concern.
More than 80% of the 1,642 people polled indicated they will avoid expensive purchases, while 55% expect to cut back on spending on leisure activities. 37% indicated they will try to save money on clothing.
Meanwhile, just 31% of respondents named Ukraine as a major source of worry. Almost a third of those polled indicated the Eastern European country's problems and Western anti-Russia sanctions will push back the date they may retire.
Regarding climate change and the Covid-19 pandemic, 7% of respondents said they had concerns about climate change and 3% cited concerns regarding Covid.
Europe has been dealing with an energy crisis for the past six months, with prices for gas, gasoline, and electricity reaching all-time highs.
The current sanctions placed on Russia for its military campaign in Ukraine have exacerbated the problem, as fears about energy security in the area have grown, despite the fact that Russia remains the continent's largest energy provider.
Read more: US, EU sanctions on Russia impact gas, oil, currency & more
Europe and repercussions
As the military operation in Ukraine intensifies, energy prices are soaring and shaking Europe's economic stability.
Policymakers are debating how to reduce inflation without jeopardizing economic recovery.
Christine Lagarde, the European Central Bank President, told reporters earlier that the war “will have a material impact on economic activity and inflation, through higher energy and commodity prices, the disruption of international commerce, and weaker confidence."