Live Breaking News & Updates on Gazprom Pipeline|Page 1
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hello, a very warm welcome to the programme. let s start here in the uk where, in a few hours from now, the next leader of the conservative party and the uk will be announced. we won t officially know who that is until 12:30 bst but we do know for sure that whomever takes the reins will have a monumental task, both economically and politically. rising inflation and the high energy prices will be at the forefront of voters minds, while businesses will be keen to see stability and a commitment to economic growth going forward. our economics editor faisal islam has been looking at some of the immediate pressing issues. this is the economic reality facing the new prime minister. inflation at 10% and heading higher on these official forecasts. it may even go above 15%. five or even ten times target. in the general economy is already falling and heading for a 1990s style recession, according to the bank of england. the core of it all, energy prices. in international markets ....
Going up a time when supply is constrained is another matter entirely. constrained is another matter entirel . , ., ., entirely. and in terms of how markets are entirely. and in terms of how markets are pricing entirely. and in terms of how markets are pricing in - entirely. and in terms of how markets are pricing in the - markets are pricing in the elevated energy prices, what s the sort of, what s the latest thinking on that? the sort of, what s the latest thinking on that? looking at my screen before thinking on that? looking at my screen before we thinking on that? looking at my screen before we came - thinking on that? looking at my screen before we came on, - thinking on that? looking at my screen before we came on, the | screen before we came on, the european stock markets are showing they will be done about 3% this morning which will be partly in response to the russian shutdown of the gazprom pipeline and further restraining suppliers but it s clearly going to be a ....