Rising geopolitical tensions and dependence on liquefied natural gas make it unlikely that energy costs will return to pre-Ukraine war levels, says Szu Ping Chan in the Telegraph. Here’s an excerpt: Rachel Reeves will deliver her maiden Budget against a backdrop of rising energy bills and higher inflation. ... read full story
"While we don't expect a return to the extreme prices of recent years, it's unlikely that bills will return to what was once considered normal. Without significant intervention, this may well be the new normal."