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The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and co ....
When inflation for the uk injuly is published. chris beauchamp, who s the chief market analyst at ig, joins us now. thank you for being with us today. worth pointing out that train fares in the uk are also linked to inflation. but on the subject of pay rises, would you expect a weaker inflation number to take the fire out of these pay disputes that have caused so much disruption lately? i think it might weaken the hand of those calling for those higher pay packets. it has been a feature of the summer or the past year in the uk, those strikes, and with those inflation numbers coming up this week, it highlights these price pressures. they have eased a lot, we are now at 6.9%. it has eased but they are still there and that puts pressure on workers and consumers across the board, which is why i think we will see negotiations highly charged. see negotiations highly charged- see negotiations highly char: ed. , ....
Quickly as possible. ensuring they can all get home as quickly as possible. you touched on the sporting quickly as possible. you touched on the sporting sanctions. quickly as possible. you touched on the sporting sanctions. they - quickly as possible. you touched on the sporting sanctions. they are i the sporting sanctions. they are things that affect russia. i went to the world cup a few years ago and that was very important to vladimir putin personally and the russian people. why do you think fifa has taken a step that has taken on said russia can still take part in the world cup qualifiers but under a different name and whether different flag? latte different name and whether different flan ? ~ . different name and whether different fla ? . ., , different name and whether different flan ? . . , , different name and whether different flan? ., , , flag? we have seen sporting bodies takin: their flag? we have seen sporting bodies taking their time flag? we have seen sporting bod ....