UK cost of living squeeze looms as Bank of England meets – business live

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Rolling coverage of the latest economic and financial news

The Government is preparing for the “worst-case scenario” of gas costs remaining high beyond just a “short spike”, according to a minister today. Business minister Paul Scully told Sky News there was “pressure” on the energy price cap due to high global wholesale gas costs. Asked what the worst-case scenario was for a cap rise, Mr Scully said: “This is all part of the conversations that Ofgem will set that cap at, because supply prices are based on a number of factors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Follow me guys Follow_back confirm🙏🙏

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK food industry warns of ‘10 days to fix CO2 crisis’ or face shortages – business liveRolling coverage of the latest economic and financial news nick_pope Caused by Brexit
Source: The Guardian - 🏆 84. / 53 Read more »