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hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are lucy fisher, deputy political editor at the telegraph and ailbhe rea, political correspondent at the new statesman. tomorrow s front pages starting with fuel rationed as uk s petrol stations hit by shortage of lorry drivers is the headline in the i. the paper says bp, esso and tesco are warningn of fueld the paper says bp, esso and tesco are warning of fuel shortages at some forecourts because of supply chain issues. the telegraph s headline is alarm as bp begins petrol rationing and the paper talks of the spectre of panic buying looming while a winter of discontent is feared as energy companies go bust. that s next to an image of harry and meghan in a royal tour in inverted commas of new york. the guardian has warning of fuel shortages amid supply chain crisis alongside a pciture of primary school teacher sabina nessa who is believed to have been murdered ....
hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are lucy fisher, deputy political editor at the telegraph and ailbhe rea, political correspondent at the new statesman. tomorrow s front pages, starting with. fuel rationed as uk s petrol stations hit by shortage of lorry drivers is the headline in the i, which says bp, esso and tesco are warning of shortages at some forecourts because of supply chain issues. the telegraph reports alarm as bp begins petrol rationing . the paper talks of the spectre of panic buying looming, while a winter of discontent is feared, as energy companies go bust. that s next to an image of prince harry and meghan in a royal tour in inverted commas of new york. we re running on empty is the sun s take and it warns of a threat to food on the shelves of shops. the daily mail has the same headline, and says that after the energy drama there are new fears of petrol shortages. don t panic, ....
their latest toy. the international energy agency has called on russia to send more gas to europe to help alleviate the energy crisis. the iea says russia is supplying less gas than before the pandemic, while still fullfilling its contractual obligations. traders and foreign officials have long accused rusia of restricting supplies. europe s benchmark power price has doubled this year to 100 euros per megawatt hour, for the first time ever. think tank bruegel is predicting on an annual basis, this means europeans would pay 150 billion euros more for their electricity. dan eager is principal analyst, european power at wood mackenzie. first of all, give us your take on the iea calling on russia to mmp on the iea calling on russia to ramp up its gas supplies to europe, your thoughts on that? yes, yes, thank you. that is certainly one of the issues at play. there are a few others in the mix and many of these coincidental factors that come together to give us a supply crunch ....
britain s prince andrew is demanding a trial byjury in a civil case brought by virginia giuffre, who has accused him of sexual assaulting her when she was 17. the prince denies her claims and his lawyers have lodged papers with the us court which set out several reasons why they say the allegations are false. these include a denial that andrew was a close friend of ghislaine maxwell, at whose house some of the alleged abuse took place. our royal correspondent nicholas witchell has more details. across 11 pages, andrew s lawyers have set out his defence a denial of the central allegation of sexual abuse made by virginia giuffre and an assertion in respect of others that andrew lacks sufficient information to either admit or deny what s been claimed. he says, for example, in relation to the widely publicised picture of the two of them, that he doesn t have enough information to admit or deny that there exists photographic evidence of his alleged meeting with miss giuf ....
we start in the us where the most powerful person in globalfinance the chair of the federal reserve has signalled the end of ultra cheap money is around the corner. us interest rates which affect the cost of borrowing around the world have been kept near to zero since the pandemic hit in early 2020. and the fed has held off raising them at this week s meeting. butjerome powell says higher rates, quote: will soon be appropriate as the economy recovers and inflation surges. our north america business correspondent michelle fleury has more. the federal reserve is going to be raising interest rates for the first time in three years. the move could come as early as march as inflation cast a shadow over the world s largest economy. when interest rates are near zero that is typically because an economy needs help and business needs help and thatis and business needs help and that is what the fed did to shelter the us economy from the west effect of the pandemic backi ....