Ukraine invasion: Why the conflict with Russia is leading to higher prices in the UK - and what can be done about it

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Ukraine invasion: Why the conflict with Russia is leading to higher prices in the UK - and what can be done about it
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There are few conflicts since the world wars that have had the potential to so directly impact the cost of living in Britain

Cuadrilla, the company that undertook fracking in the UK, says the current crisis is a major failing of energy policy and planning

Only about 6% of its oil and 4% of gas comes from Russia. Most of the UK's gas comes from either the North Sea or Norway.And its centrality to the continent means that any uncertainty or doubt over Russian supply pushes prices right up across the whole market.Image:The Ofgem price cap will protect people to a point, but it is already going up by a record-breaking 54% in April - and the average household's bill will rise to £2,000 a year.

Tens of thousands of tonnes of the stuff is kept in mammoth tanks, ready for distribution to farms across the country. There are vast quantities of shale gas there, but the controversial technology to extract it was banned in the UK in 2019 for safety reasons. It is still undertaken at scale in the US.

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