let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to pension
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carriers are enjoying the strongest consumer demand since 2019. here in the uk, more rail strikes over pay and conditions will take place on third, fifth, and seventh of november, the rmt union has announced. it s general secretary mick lynch accused network rail of dishonesty in negotiations. network rail said it had offered a two year, 8% pay increase deal. the european commission has proposed another set of emergency measures to tackle high energy prices, but steered clear of an immediate cap on the price of gas. europe has been at the mercy of soaring energy prices and dwindling supplies, after russia cut gas exports following its invasion of ukraine. our europe correspondent jessica parker has been looking at the plans. one of them isjoint one of them is joint gas purchasing allowing companies to club together to purchase
The European Union can diversify away from Russia in natural gas faster than previously believed, the Prime Minister of Italy, Mario Draghi, said this weekend
The leaders of the European Union member states are expected to discuss at their summit at the end of May the idea of jointly buying natural gas to avoid competing with each other for non-Russian supply as the EU seeks to cut its dependence on Moscow