viewtopic.php?p=558518#p558518Tedx wrote:Gas prices are already below the pre Ukraine war and as inflation is a rate of change, then, as you say, it will level off in the coming months. Which is presumably the game that the government is playing with the striking workers.
My guess/prediction is that end of May 2023 year-on-year inflation rate will see a massive decline compared to recent rate of change, to below BoE remit target 2% rate.
https://uk.finance.yahoo.com/news/gas-p ... 10150.html
Wholesale gas prices fell today to levels not seen since the run-up to Russia’s invasion of Ukraine, stoking hopes for a softer impact from energy bills on hard-pressed households and stretched government finances.
Driven lower by relatively mild winter weather in the UK and Europe, the price of the commodity was down by over 4% to 178p a therm. It was last under 180p on January 21, before rising steadily during the military build-up and hitting 329p on February 24, when tanks crossed the border. It peaked at over 875p a therm in August, on fears of supply interruptions in Europe into autumn and winter.
What is required IMO is a Bill to protect the UK under exceptional circumstances such that UK produced energy be sold into the UK at a fair price rather than at global commodity market prices. Had that already existed then UK inflation would not have spiked as it has, and all of the knock on effects that involves (strikes etc.). A defence of the realm act, that might also include protections against invasions via dinghies. Putin has repeatedly weaponised the likes of mass migrations - armed with 'just say that you're in fear for your life/health' type scripts. Much of Ukraine's issues are a consequence of Russian migrations into the East along with instructions that schools can only teach in Russian and Russian curriculum.