Rolling coverage of the latest economic and financial news
- Latest: Gas prices fall back after Russia’s move
- Introduction: Russia says Nord Stream 2 clearance may cool gas prices in Europe
- Putin offered to stabilise energy crisis on Wednesday
- Halifax: House prices jumped 1.7% in September
- Biggest monthly rise since 2007
- UK industry could face shutdowns as wholesale gas price hits record high
UK wholesale gas prices have dropped in early trading, away from yesterday’s record highs.
The contract for delivery next month has fallen by 16% to around 229p per therm – having spiked over 400p yesterday, before Vladimir Putin said Russia was prepared to stabilise the market.
