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we start in the us, where the white house has denied starting a subsidy war following criticism of its massive support for green investments. president biden s administration is spending billions to help electric carfirms, chip makers and the green energy industry with loans and tax breaks. one uk manufacturer has told the bbc it s worried britain can t compete on a level playing field and warns that companies are considering moving their investment to the united states. our economics editor faisal islam reports. british industry is facing a new dilemma and deciding where to invest to build key components for future green technology. massive handouts from the us government had changed the game. this isjohn neill he runs unique part which makes parts for every major uk calm and extra is worried. the americans calm and extra is worried. the americans are calm and extra is worried. tue: americans are redefining calm and extra is worried. tte: americans are redefining the ....
we start with the soaring cost of living because there s a warning home energy bills here in the uk could rise even higher than previously feared this winter. wholesale gas prices have jumped back to near record highs after a further squeeze on europe s gas supplies by russia. our global trade correspondent dharshini david has the details. this is being claimed as the first truly global energy crisis, the result of moscow weaponising fossil fuels in europe has been the key target. this is the wholesale price paid for gas there. 4a8% higher than a year ago because traditionally it got to 40% of its gas from russia. that latest rise reflects a focus on this, this is nord stream one, the pipeline carrying bird of europe s russian gas supply all the way to germany, that flow has now dropped to just a fifth of normal levels, russia blames that on the impact of sanctions on vital equipment, opponents say it s an attempt to blackmail by turning down those taps. those concerns ....