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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 ....
Projection that we present today is very much into parts. Im going to begin with the first part. Starting near term outlook. This chart shows the evolution of Consumer Price inflation and its components since 2018. It shows that inflation has come off the peak in october last year and that it continues to fall over the rest of this year in our near term projection. Thats the piece showed in the shade of part of the chart. This fall can be attributed in large part to a full on contribution from energy. Fuel prices have declined, electricity and gas prices have stabilised, albeit at a higher level. The Dark Orange Bars on this chart show how the contribution from Energy Prices falling and turning negatively in the coming months. Giving off gems price cap on energy and gas bills, we expect inflation to take a further step ....
storms yesterday we had the really intense storms for yesterday we had the really intense storms for part of the uk and localised storms for part of the uk and localised flash flooding. today it further localised flash flooding. today it further heavy and thundery downpours. all the details throughout the programme. it s sunday 9thjuly. our main story: there are new allegations concerning a bbc presenter, accused of paying a teenager for sexually explicit photographs, beginning when they were 17. the claims in the sun newspaper allege the unnamed male presenter paid the teenager tens of thousands of pounds. it s understood the corporation is investigating the allegations and the star is currently not scheduled to be on air in the coming days. lucy manning reports. this is starting to feel like a crisis for the bbc. new allegations in the sun newspaper claiming that the unnamed presenter, there was a photo of that unnamed presenter in his underpants that was seen by the ....
if ukraine is going to attract the investment, it s going to need the investment it s going to need notjust from governments, notjust from internationalfinancial institutions, but from the private sector. the private sector, it has to build the best possible environment to attract that investment. well some of that extra funding could come from the european union. the european commission president, ursula von der leyen, has asked eu member states to provide 55 billion dollars to support ukraine over the next four years. she said that this reserve would allow brussels to calibrate its financial support depending on the situation on the ground. let s bring in amanda and peter. in many ways, this is a positive sign, looking at life after the war. , but perhaps some of it seems premature? i think it is a rather well timed. as you say, it looks beyond the immediate offensive towards the huge task of reconstructing ukraine, hopefully when some kind of peace is reached. i thin ....
lawful routes to use russian assets. and on monday we publish new legislation to allow us to keep sanctions in place until russia pays up. but beyond that we must bring to bear a partnership of governments, international financial institutions and business leaders, all of us here today to make this happen. the british government will continue to play its full part and i m proud today we are announcing a multi year commitment to support ukraine s economy over three years we will provide loan guarantees worth $3 billion. we are also launching a new uk and ukraine tech bridge to foster investment and talent along with support for green energy and more, or part of a vast collective effort from allies and partners around the world, including significant new support from the eu which is also being announced this week. president tyminski said the counteroffensive had been slower than hoped for. we are talking about recovery, millions ofjobs. not only for ukraine but for all of our c ....