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UK Faces Energy Crisis Amid Rising Prices and Inflation

3/5/2026

23 5 Full Breakdown

Summary

Story summary

Energy prices in the UK are rising, fueling inflation and higher interest rates.
Mr. Jackson, a Cabinet Office Board member, urges reopening North Sea drilling and criticizes net-zero schemes.
The Middle East conflict has intensified calls for change, with scrutiny on Labour's windfall tax.
The Treasury has no plans to alter the windfall tax, which remains until 2030.
Gas prices surge, risking an energy crisis as Qatar halts LNG production.

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Story summary

Energy prices in the UK are rising, fueling inflation and higher interest rates.
Mr. Jackson, a Cabinet Office Board member, urges reopening North Sea drilling and criticizes net-zero schemes.
The Middle East conflict has intensified calls for change, with scrutiny on Labour's windfall tax.
The Treasury has no plans to alter the windfall tax, which remains until 2030.
Gas prices surge, risking an energy crisis as Qatar halts LNG production.