Why do you suppose the cost of living crisis started to ease? That may seem a slightly odd question with which to begin a column that is ultimately about Russia and Ukraine, and about why this war may not end the way most people in this country would like it to. But bear with me for a moment, because the two things are inextricably linked.
After all, the main reason the cost of living spiked in 2022 was that energy prices spiked, and the main reason energy prices spiked was that Russia had been one of the main sources of Europe’s energy. When Russia invaded Ukraine, energy markets panicked, speculating that Europe might soon lose access to all Russian gas, which would represent an economic
Source link : https://www.thetimes.com/comment/columnists/article/russian-gas-is-why-your-bills-went-down-bskhc359z
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Publish date : 2024-07-20 19:01:00
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