the role children. theyjoin 1800 people at the the role children. theyjoin1800 people at the westminster abbey event hosted by their mother and had prince charles s 110w now it is time for review 2022. one story has been rising prices stop we have been reflecting on the causes and consequences of the squeezed economy and the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at ten, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global economy was already suffering from a long covid, with hold ups in supply chains causing headache
the gesture could mark a return to peace in the region after years of conflict. now on bbc news, it s time for review 2022 the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at ten, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global economy was already suffering from a long covid, with hold ups in supply chains causing headaches and higher bills for business. countries from france to finland faced a double blow of rising inflation, and at best, slowing growth, but a war in europe and the sanctions that followed changed ev
now on bbc news it s time for review 2022. and one story that s led news bulletins in the uk throughout the year has been rising prices and their impact. victoria valentine along with our team of economics and business correspondents have been reflecting on the causes and consequences of the squeezed economy and the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at ten, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global economy was already suffering from a long covid, with hold ups in supply chains causing headaches a
history. by my estimations it is the biggest profit ever recorded by a uk based company. $40 billion, £32 billion and as you say, we have had rocketing oil and gas prices. they have started to come down a bit here but this is 2022 s numbers. we already had higher oil and gas prices as the world emerged from a covid induced coma and demand came back. and there than they were rocketing when you had russia invaded ukraine and had things like russian oil gas and supplies shut off or shunned by international buyers. making the market, there was a lot of demand for what was left. so that is the context for this. i doubt they will be that next year because of the profits are coming down but we have inflation at a 40 year high, people s energy bills have doubled in some case tripled in some instances and so there is in understandable outreach in some quarters that they think shell should be paying much more tax. as simonjack mentioned there these record profits have renewed