UK Fuel Panic Deepens the Pain in Crisis-Prone Economy By Bloomberg – Investing.com

UK Fuel Panic Deepens the Pain in Crisis-Prone Economy By Bloomberg – Investing.com

(Bloomberg) -- For Sof and Kridos Arnaoutis, the U.K.’s fuel crisis quickly evolved from an inconvenience that disrupted their weekend plans into a serious financial risk for their business. 

It started out with inflated taxi fares for a night out in London’s bar-and-club district of Soho, said Kridos Arnaoutis, who with his brother runs a plumbing supplies company. A few hours later, it turned into a long struggle to find enough fuel to get his drunk friends back to their homes.

By Monday morning, the shortages of gasoline and diesel were having a more sobering effect with wider repercussions for the U.K.’s economy.