FX.co ★ UK pools at risk as energy prices soar, FT says

Swimming, perhaps the most popular physical activity in the United Kingdom, is at risk as rising energy prices threaten the closure of hundreds of pools, FT reported.

The problem of soaring costs first arose during the pandemic and is now aggravated by surging energy prices. In an attempt to somehow ease financial pressure, gym and leisure centers are lowering pool temperatures, turning down lights, and urging swimmers to reduce showering times to save on energy costs. However, these measures seem to be not enough to keep them open. Swimming pool owners fear the sector could “collapse” in the next six months. Huw Edwards, the chief executive of industry association UKActive, says the recently announced government support package is of little help to businesses.

Earlier this week, the association conducted a survey of nearly a third of public pool operators in the country. As many as 85% of respondents said they would have to cut services in the next six months. Some 63% are likely to lay off staff. The UK may feel a major economic shock due to rising oil prices, unseen since 1973, experts projected. The decision of the British government to phase out Russian oil imports by the end of 2022 is seen as a prerequisite for a terrible crisis.