As inflation spikes again, many of us will be feeling déjà vu.

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We’ve been in this doom loop before – when Russia invaded Ukraine, we saw energy and food costs spiral. Households faced impossible decisions while oil giants made astronomical profits, and the ultra-wealthy cashed in. We shouldn’t let history repeat itself.

This isn’t a series of unpredictable shocks, this is a system failure. The UK is heavily dependent on oil and gas imports, meaning global crises are starkly felt in people’s bills. Household energy debt in the UK more than tripled in five years, despite the Government paying for £44 billion in emergency........

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