Matthew Lynn Matthew Lynn

Factories close, offices shut: what happens if the UK runs out of gas

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issue 09 October 2021

The stove won’t light. The boiler won’t fire up. Pipes are frozen and the water has stopped running. Welcome to Christmas 2021. Amid a fierce cold snap, with another ‘Beast from the East’ blasting across the country, the UK’s meagre stockpiles of gas have been exhausted and the country is plunged into a crisis. Old people are dying and the rest of us are doing our best to keep warm. The closest thing to the apocalypse most of us will experience in our lifetimes has arrived.

Well, perhaps. It is easy to sketch out lurid scenarios of what might happen if the country runs out of gas. In reality, it won’t be that bad. Before we get there, we will see industrial closures and then some form of rationing. But that doesn’t mean it won’t be a serious problem. A gas emergency will cause huge disruption to the economy, widespread shortages and a political crisis from which even the Johnson administration, with its formidable powers for bouncing back, may not recover.

Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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