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UK Govt Bracing For Second ‘Winter Of Discontent’ Amid Soaring Energy Prices

bp gas station

Downing Street today signaled it is bracing for a ‘winter of discontent’ after BP and Tesco were forced to ration fuel and shut stations, supermarkets warned of food shortages and more energy firms went bust amid rising gas prices.

Number 10 said this afternoon that ‘we acknowledge there are issues facing many industries across the UK’ as the nation heads into the colder months.

The Prime Minister’s Official Spokesman insisted there is no shortage of fuel and urged people to continue to fill up their vehicles ‘as normal’.

The spokesman stressed the UK has ‘very resilient and robust’ supply chains, but the admission of challenges ahead is likely to spark fears of potential disruption.

BP has said it will restrict deliveries of fuel because of a lack of HGV drivers, which has also impacted supermarkets and raised fears of food and even toy shortages over the Christmas period…

The news is the latest sign of the UK struggling to cope because of an ongoing shortage of HGV drivers which comes alongside a worsening energy crisis.

Avro Energy and Green yesterday became the latest energy firms to go out of business as soaring gas prices continued to batter the sector.

Wholesale prices for gas have increased 250 percent since the start of the year, and 70 percent since August, meaning firms are buying energy for more than they sell it to customers.

Nine firms have now ceased trading this year, with the head of regulator Ofgem warning that more are likely to follow suit, leaving ‘well above’ hundreds of thousands of customers in limbo.

Business Secretary Kwasi Kwarteng today suggested people should be hoping for warm autumn to ease gas prices as he said the weather is the ‘single most important determinant’ of costs.

Read rest at Daily Mail

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