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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK
Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng tweets: "I can confirm the government's Reserve Tanker Fleet will be on the road this afternoon to boost deliveries of fuel to forecourts across Britain. The trucks are driven by civilians and will provide additional logistical capacity to the fuel industry. We are now seeing signs that the situation at the pumps has begun to improve with more stations getting more fuel.
The sooner we can all return to our normal buying habits, the sooner the situation will return to normal."
- Last few days have represented first major fuel shortage in UK since 2012. Opinion polling carried out during the crisis showed respondents primarily blaming the media for the shortages at the pumps, rather than the public itself or the gov't (see chart below).
- As such, while incidents such as petrol stations running dry can often do significant damage to gov't credibility, with a large proportion of the public blaming the media for hyping up the situation, or other members of the public for panic-buying, PM Boris Johnson's administration could emerge from the situation fairly unscathed.
Chart 1. Opinion Poll, 'Who Is To Blame For Fuel Shortages?'
Source: YouGov
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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