Rabina Khan is a writer and a former councillor and special adviser in the UK House of Lords
June 02, 2022
Jonathan Brearley, the chief executive of Ofgem, the UK’s energy regulatory body, recently announced that his organisation is expecting an energy price cap of £2,800 in October, an increase from the current £1,971. Adam Scorer, chief executive of charity National Energy Action, said the predicted rise will "strike terror into the hearts of millions of people who are already unable to heat their homes".
European countries obtain approximately 40 per cent of their gas directly from Russia, while the UK imports less than 5 per cent of its gas from Russia, but its prices are nonetheless influenced by fluctuations in global markets. The UK also imports approximately 8 per cent of its oil from Russia, amounting to £4 billion in 2021. These prices have soared as a result of Russia’s invasion of Ukraine and Western governments’ subsequent economic ordeals. In April, Russian President Vladimir Putin demanded that “unfriendly countries” pay for their gas in roubles from Russian accounts to avoid having their supplies cut off. Gas deliveries have already been suspended to Finland for their refusals to pay in the currency.
It is not just energy prices that have risen exponentially, but food prices, too. Ukraine is the world’s largest exporter of sunflower oil and is also a major producer of maize and wheat. The UN Food Prices Index, which measures the average prices of staple foods, reported that food prices are at their highest in 60 years, when records began.
East End resident Rachel who was diagnosed with cancer and who also cares for her severely disabled son with a spinal injury is struggling with the cost of food. She said: “How are we supposed to eat with food costs rising not by a penny but by 80 per cent? We are eating the bare minimum and living on basic food, which affects my health and that of my son. Luckily it's summer so I don’t use the lights. In the late evening I don’t turn on the lights and if I watch TV I use that as the light. I’m charging up my key meter to over £120 a month for me and my son – and that’s just electricity. I’m paying more for gas because I need to keep warm, even in the summer, due to our medical problems. I can’t bear to think how we are going to keep warm when the cold weather arrives.”
The UK's prime minister, Boris Johnson, is facing calls to step down over the "partygate" scandal. Reuters
Rachel and her son are just one of many thousands of families across the UK who cannot afford to eat. A survey by YouGov, a leading pollster, suggests that of the 10,674 adults questioned, one in seven were living in homes where people have skipped meals or reduced sizes due to expense. The Office for National Statistics reported that almost 90 per cent of households stated that their cost of living had increased in March as a result of rises in fuel, food and borrowing costs.
The cost of living crisis is all about survival. Millions of households have been plunged into debt, leaving many at risk of losing their homes and livelihoods, and affecting their mental and physical wellbeing. Dr Andrew Goddard, president of the Royal College of Physicians said: “The cost of living crisis has barely begun, so the fact that one in two are already experiencing worsening health should sound alarm bells, especially at a time when our health service is under more pressure than ever before.”
Earlier this month, Tory MP Lee Anderson – who earns £84,144 – said he had proven that people can make meals for 30 pence, demeaning the struggles of British families. Boris Johnson’s Government has been heavily criticised by all sides of the political spectrum, including some Tory MPs, for his catastrophic failure to address the escalating cost of living in the UK.
The question is why should a family in Britain go to such lengths to survive when the Conservative government breaks Covid-19 rules that they created, while lecturing poor families to live within their means?
Labour Party leader Sir Keir Starmer visits a food bank in Glasgow. Getty
Liberal Democrat leader Ed Davey was the first party leader to call for a windfall tax on oil and gas companies over seven months ago, demanding that their excess profits help vulnerable people with spiralling energy bills. Even Tory MP Julian Knight said the Prime Minister needs to “wake up” and listen to his party on tackling the rising cost of energy. Engulfed in its own “partygate” Covid-19 rule-breaking saga, the Prime Minister and his Chancellor scrambled to announce a new package of emergency measures on Thursday, which intends to target pensioners, the poorest and the “squeezed middle” households.
The UK’s increasing cost of living crisis has been caused by multiple issues occurring simultaneously, including Brexit, Covid-19, the Ukraine crisis, rising taxes and inflation, all of which have impacted the price of essential items and services pushing people into poverty.
They say that we should look for opportunities out of crises. It's time for the UK Government to stop doing so. It is time to look for opportunities to take our struggling children and young people, our families, our older citizens and all our communities out of this fear of whether we turn the lights on or not, whether we keep warm and what we eat. To the UK government I say: “Ask not what your country can do for you — ask what you can do for your country.
The bio
Favourite book: The Alchemist by Paulo Coelho
Favourite travel destination: Maldives and south of France
Favourite pastime: Family and friends, meditation, discovering new cuisines
Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
THE BIO
Occupation: Specialised chief medical laboratory technologist
Age: 78
Favourite destination: Always Al Ain “Dar Al Zain”
Hobbies: his work - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood. Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues. Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity. Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.