However, the UK’s trade balance is still in trouble as foreign gas prices rise.

However, the UK’s trade balance is still in trouble as foreign gas prices rise.
After Emmanuel Macron imposed price caps, EDF customers in Britain pay almost two-and-a-half times more than their counterparts in France.
The invasion of Ukraine by President Vladimir Putin set Russia’s economy back for four years, even though it was less severe than originally feared.
On Thursday, European power prices reached new heights as a heatwave impacted energy supplies and wildfires raged across France.
According to the nuclear giant, the price cap could be a huge cost for it over the next year.
France temporarily lifted environmental regulations to allow its five nuclear power stations to continue operating despite a worsening energy crisis.
Gazprom, a Russian gas producer, said Saturday that it had stopped supplying Latvian gas to its neighbours. It accused Latvia of violating gas withdrawal conditions.
Experts say that Western sanctions are “catastrophically” affecting Russia’s economy, despite Vladimir Putin’s attempts to conceal the damage.
As Russia tightens its grip on Europe’s gas supplies, the UK is set to experience record-breaking energy prices this winter. This will only add to Britain’s current cost-of-living crisis.
Russia’s gas cut could fracture the unity of Europe’s Union this winter, as tight budgets and supply issues limit the bloc’s ability to deal with an unexpected, severe energy shortage.
Nord Stream 1 gas flows fell to a fifth of their capacity Wednesday. This prompted Germany’s network regulator, to appeal to the industry and households to conserve gas and avoid