The wider issue is how the government would pay for it. It’s pretty much inevitable that those who can pay the increase will also end up paying for those who can’t. Whether through tax or borrowing costs it’s going to require money. Those who can pay will end up paying twice, for themselves and others.
While the outlook is currently gloomy it could turn very quickly if there was regime change in Russia or, more likely, some grubby deal done by the back door to buy Russian fuel again.
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