Somewhat unlikely for now. The government is shielding the population from the worst, as they should, by capping electricity prices and with grants/loans to those worst impacted. The average Brit is being hit much worse than the average French.
Making the choice to take no action further compounds the issue as you deepen the coming recession and create more people who cannot pay to heat their homes or keep the economy going.
The answer to a crisis like this is price caps, investment in alternatives, taxes on profits, and if necessary targeted restrictions on energy use.
There is absolutely nothing wrong with covering a situation like this with debt in order to keep people and the economy alive.
How do you know this? Did you do the math? And you know it's not just heating, right, it's electricity too. They'll eat only raw food to not waste energy on ovens and cooktops?
> And keep in mind, if demand goes down, prices go down.
Not with external pressure (war) and near total lack of supply no it doesn't.
https://www.bloomberg.com/news/articles/2022-08-20/price-cap...
Every crisis is someone's opportunity to make money off other peoples' loss. As long as their assets are safe and keep going up, nobody cares about CoL going up. Well, at least until riots happen and political extremism grows to new heights.
Come on France, 'do yer thang' (riots), we'll follow suit.