Britain’s energy regulator Ofgem has announced a 2 percent lift in the energy price cap, raising annual household bills by £35 to about £1,755, starting this October. The price revision reflects rising operational and wholesale costs linked to government policies and expanded support schemes like the warm home discount. Charitable organisations have raised alarms about the impact on low-income, elderly, and disabled households, warning of deepening fuel poverty as winter approaches .
Meanwhile, across the Atlantic, US–India tensions are escalating. Former President Trump has imposed a hefty 50 percent tariff on Indian imports, responding to New Delhi’s continuing purchases of discounted Russian oil. This policy move is stirring uncertainty in bilateral trade relations and supply chains .
These developments highlight growing economic strain worldwide—from energy affordability in the UK to mounting trade frictions impacting global markets.