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
Deregulating the petroleum industry and giving it to the private sector will make the business competitive, ultimately benefiting consumers, former secretary says.
gas for one reason, to stop countries from outbidding each other but they also think that countries can get better rates by doing that, by buying, as it were, in bulk together. there is also, from next year, a potential new benchmark for liquefied natural gas on the market. that is as lng plays an increasingly important role within the european market is a gas fire less pipeline gas from russia into europe and more lng from the likes of the united states. and when a more immediate measure would be a temporary on certain types of gas transaction when the market is particularly volatile that would only be triggered when you see real volatility in that market and, finally, some solidarity rules, as they are called,, basically ensuring that member states have a way of getting supplies from other countries within the eu if they are experiencing shortages.