Posted on 03/08/2022 11:26:16 PM PST by TigerClaws
Robert Jenrick has warned that the UK could face 'the most difficult economic year that we've seen in our lifetime' amid the heavy sanctions imposed on Russia following its invasion of Ukraine.
The Tory MP described how the country could be looking at 'an energy crisis unrivalled since the 1970s' and said the government had to 'level with the public that standing up to Putin could cause the most difficult year for household incomes'.
He went on to say that the inflation that has been predicted could peak at 10 per cent and see increasing pressure on energy bills, not just for households but also for energy intensive industries and businesses.
It comes as experts from the Centre for Economics and Business Research predicted that the war in Ukraine could see another £1,259 added to household bills in the UK this year.
Speaking to Kirsty Wark on Newsnight Mr Jenrick said: 'We could be looking at an energy crisis unrivalled since the 1970s and the forecast that we saw today suggests that household incomes could fall by a larger percentage this year that any time since records began in 1955.'
(Excerpt) Read more at dailymail.co.uk ...
I wonder how competitive their export would be...
So is this because of Eurasia or Eastasia?
fixed it.
Global warming to the rescue!
Turns out that "globular worming" was Russian agitprop to shut down energy production in the West to pump up the price of Russian oil and natural gas.
It is to laugh.
Yep. Russians funded environmental groups to cut out oil competition and keep their economy rolling along.
Heck, the Saudis funded a Hollywood movie about the dangers of fracking.
But... won’t see that on the ‘news’ channels.
Thunberg is an avid Ukraine supporter. She musn’t have gotten the memo that the Russkies are behind global warming hysteria
As long as the little enviropuppet keeps pumping hard currency into their coffers, the Russians couldn’t care less if she’s a Yook cheerleader.
You could be right.
Boo Gurl! Me love you long time!
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