MoneyWeek

Britain’s looming energy crisis

“The UK currently has less than nine terawatt hours of stored gas reserves”

What’s happening?

verybody in Britain will be relieved to know that there is “absolutely no question of the lights going out or people being unable to heat their homes”. Nor will there be any “three-day working weeks or a throwback to the 1970s”. However, the fact that Kwasi Kwarteng, the business and energy secretary, had to make those pledges in the House of Commons on Monday shows that something has gone badly wrong with the UK’s energy supplies. The country faces a

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek2 min read
Rock On (when It’s Ready)
The Co-op Live arena in Manchester has had to cancel or postpone a string of concerts since it was due to open on 23 April, owing to technical problems, say Dipesh Gadher and Hugo Daniel in The Times. The Co-op retail group, which paid £100m for the
MoneyWeek2 min read
Why The Humble Stamp Lives On
theatlantic.com In a “decidedly digital age”, the modern postage stamp seems to be “slowly disappearing from daily life”, says Andrea Valdez. They’re so overlooked that, as comedian Nate Bargatze has said, we’re no longer even sure how many we shoul
MoneyWeek10 min read
Power Your Portfolio With Energy Drinks
The Magnificent Seven group of technology stocks (Apple, Microsoft, Amazon, Nvidia, Meta Platforms, Tesla and Alphabet) have hogged the headlines in the past five years. But the performance of these firms pales in comparison to the best-performing st

Related