6 July 2022 Britain is Unlikely to Run Out of Natural Gas This Winter

Domestic production accounts for nearly half of natural gas consumption, well above the European average.

Imports from Russia accounted for only 5% of the total; the U.K. has long-term deals with Norway and Qatar.

The bigger risk is that manufacturers are indirectly af- fected by rolling blackouts in other European countries.

Samuel Tombs (UK Economist)U.K.

14 Feb 2022 The Near-Complete Recovery in GDP Masks Private Sector Weakness

• U.K. GDP nearly reached its pre-Covid level in Q4, but the recovery still underwhelms by G7 standards.
• The recovery also has been flattered by huge public spending; private sector GDP was 3.4% below its peak.
• Exports remain the economy's Achilles heel; they have underperformed since Q1 2021, largely due to Brexit.

Samuel Tombs (UK Economist)U.K.