High gas prices are troubling consumers and the UK economy. According to Prime Minister Johnson, there is no end in sight to the crisis.
According to Prime Minister Boris Johnson, the energy crisis in Great Britain with soaring gas prices could last for several months.
It will take time for global industry to recover from the consequences of the corona pandemic, Johnson said on Monday night during a visit to New York. “It’s as if everyone turns on the kettle at the end of a TV show. There is an enormous strain on the world’s supply systems. ” At the same time, Johnson tried to reassure consumers. The disturbances are only temporary. “Market forces will compensate for this very quickly and we will do everything we can to help.”
Economy Minister Kwasi Kwarteng wanted to consult with energy companies at a crisis meeting on Monday. It is expected that the corporations will demand state support. Gas prices in the UK have risen 250 percent since the beginning of the year.
The government does not want to protect smaller suppliers from bankruptcy, as the newspaper “The Guardian” reported. This is to prevent consumer prices from rising further. The customers are to be auctioned off to larger companies.
The crisis is also affecting food and beverage manufacturers. The food producer Bernard Matthews warned that the Christmas dinner could be “canceled”. The sharp rise in gas prices has resulted in the closure of two large fertilizer plants that produce carbon dioxide (CO2) as a by-product. Among other things, CO2 is required for vacuum packaging of meat or beer. But the health industry is also affected. Because of the lack of CO2, operations could be canceled, said the NHS health service. This would increase the enormous backlog in the clinics.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
