This monthly commentary gives a round-up of global markets and trends.
In this edition:
- Liz Truss, the new Prime Minister, presented her Government’s energy policy in early September amid the worst energy crisis since the 1970s
- Through their indirect and direct dependence on Russian energy, the UK and the rest of Europe are experiencing high energy prices
- Essentially, the UK Government has provided a blank cheque, with the cost dependent on future wholesale energy prices
- OPEC, usually a supporter of the West, has ignored calls from US and Europe to raise production
The value of an investment may go down as well as up and you may get back less than you originally invested.