content of the latest forecast. starting with three key developments that explain most of the changes in the outlook since our last forecast in march. the most important economic development since our last forecast has been the energy crisis, precipitated by the russian invasion of ukraine. the rush to fill up gas storage before the winter and the damaging of the pipeline drove wholesale gas prices in europe to new highs over the summer. as shown in the blue line on the right, our economy forecast is conditioned on market expectations for gas prices ever next three years, which we held constant in real terms in the final two years of the forecast. based on the average of the future curves the 26th of october, gas prices are expected to reach a peak of 3.70 in early 2023 and are roughly double the level of the march forecast over the level of the march forecast over the air. prices fold back to around 1.90 in the mid 20 20s, which is still full time higher than we were used to be for th
south east in the afternoon, and at many north and west areas will hold onto showers and continue to be heavy, winds strong and reaching gale force in exposed areas. 15-19 c. hello, this is bbc news. the headlines. the household energy supplier octopus energy has reached a deal to buy bulb, one of the companies which collapsed last year amid soaring wholesale gas and electricity prices. president biden condemns an attack on the husband of senior democrat nancy pelosi, saying there s too much vitriol in us politics. the head of the royal navy orders an investigation into allegations that female recruits have been sexually abused and harrassed on submarines. a severe tropical storm has killed at least 45 people in the philippines and left many more homeless. it s expected to reach the capital manila later today. the price of diesel at uk pumps has gone above £1.90 for the first time
are on strike. they have had an offer of pay that has been rejected, a 5% increase plus a £500 payment. that has been rejected, and the rmt union has said that industrial action will continue for as long as necessary. the telecoms regulator has urged broadband providers to think carefully before putting their prices up significantly. 0fcom told bbc radio 4 s moneybox programme that it had encouraged companies to put customers first at a time when the cost of living was rising. the price of diesel at uk pumps has gone above £1.90 for the first time in nearly three months. the amount motorists pay for fuel has fallen from the record highs seen at the start ofjuly, but remains high compared with recent years. the aa says it expects the prices to begin levelling off soon.
they need to fess up to the problem and start addressing the issue. ainsley: people are saying when they are going to the polls inflation is the number one concern. job creators network. bank rate did a survey and 55% of the workers said even if they might have gotten a pay raise or gone to another job that pays more, it is still not enough to keep up with inflation, which was 8.3% in august. year over year. yeah. well, according to, you know, pinocchio joe there is no real issue because it is basically flat. ainsley: we are working on this they day say. i know, exactly 8% is 8%. groceries are up almost 1%. i feel sorry for the average family, for example, when it comes to thanksgiving. you have got, you know, turkeys 1.90 a pound? they will go up to 6.50 a pound. that $40 bird is going to be $130 for average family. this is redick also. they need to do something ridiculous. they need to do something about it and address the issue.
our leaders to step up a year later and again recognize the impact not just on the afghans but our veterans who were trying to hold the line and the line is wearing thin. brian: lastly, left behind, women have lost just about everything, 74,000 visa applicants waiting in the country. 55% of the afghan population rely on humanitarian aid. and that aid is going down. 900,000 have lost their jobs. they are living on 1.90 a day. they have all of our stuff. we left our military equipment behind. think about what that could have meant to ukraine. and just fast forward. is there a ukraine? is there a taiwan issue as bad as it is if we don t show so much vulnerability in afghanistan? final thought. yeah, people are wondering why afghanistan matters. i mean, what we need to remember is that al-qaeda and isis are reconstituting in afghanistan right now. and there isn t really a threat in the world that we re going to face unilaterally.