Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

UK PM Johnson says surge in gas prices a 'temporary' problem -Bloomberg News

Published 20/09/2021, 02:25
Updated 20/09/2021, 04:45
© Reuters. FILE PHOTO: Prime Minister Boris Johnson speaks at the first post-reshuffle cabinet meeting at Downing street, London, Britain September 17, 2021. Ben Stansall/Pool via REUTERS

© Reuters. FILE PHOTO: Prime Minister Boris Johnson speaks at the first post-reshuffle cabinet meeting at Downing street, London, Britain September 17, 2021. Ben Stansall/Pool via REUTERS

(Corrects name of energy regulator to Ofgem in last paragraph)

(Reuters) -British Prime Minister Boris Johnson said the unprecedented surge in natural gas prices is a "temporary" problem caused by the global economy coming back after the pandemic, Bloomberg News reported https://bloom.bg/3hQcSYa.

"I want to give a general reassurance that the problems we're seeing are temporary," Johnson told reporters traveling with him to the United States, according to the report.

"They are caused by the resurgence of the global economy as COVID starts to retreat in parts of the world," he said.

© Reuters. FILE PHOTO: Prime Minister Boris Johnson speaks at the first post-reshuffle cabinet meeting at Downing street, London, Britain September 17, 2021. Ben Stansall/Pool via REUTERS

Johnson said he's "very confident" in the UK's supply chains and will work with gas companies to ensure the consumer's needs are met, the report added.

British business minister Kwasi Kwarteng said on Sunday following a meeting with the head of energy regulator Ofgem that Britain has plans in place to protect the market and consumers from soaring global gas prices.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.