than £300 a year, or 16%. just a reminder, 0fgem sets this cap every three months, it s the maximum suppliers can charge per unit and these figures represent a typical bill. if you use more, you pay more. let s speak to dr craig lowrey from cornwall insight hejoins is from norwich. given what s going on in the red sea, why are we not going to see a spike? certainly, the situation that we haveis certainly, the situation that we have is that the uk market and the european market is being relatively well supplied by liquefied natural gas from america, coming straight across the atlantic and as a consequence, what is occurring in the red sea is not currently affecting uk or european supplies. energy plays quite a big role in inflation this looks like the cost of living could really start to ease for people? what we saw when the price cap fell previously, there was the consequential drop in inflation so one can expect that would happen again and we would see energy bills feed
There are other reasons why one should be guarded about the popular narrative that foreign investors don’t have much of a choice when it comes to choosing from emerging markets.
All the sectoral indices recorded gains with oil and gas surging the highest 3.77 per cent followed by Bankex rising to 3.56 per cent. While the power sector index went up 2.99 per cent, financial services advanced 2.98 per cent and utilities jumped 2.94 per cent.
Last week s employment data played into that narrative, showing the job market remained robust, though not strong enough to spark worries that the Fed would need to hike interest rates more to fight inflation, moves that rocked markets last year.