trees are preparing for high gas prices and cold and the cold winter ahead. we'll hear from our correspondence who's welcome to the w business. i'm christy, platinum, a new prime minister, and the same old problems as she moves into 10 downing street live trust inherits a country in crisis from her predecessor boris johnson, a week economy, massive supply chain problems and skyrocketing prices for food and energy. and many brits are worried about the upcoming winter and i'm wondering how they'll pay their bill. lincolnshire in the east midlands of england. it's home to gary and natasha waterhouse. she has been eating around the clock here since a cancer treatment. he has quit his job as a cabbie to provide gary shows us their utility bills. their costs have recently gone up from $36.00 to more than $200.00 euros per month for making plans of which rooms we can hate. at the moment. i mean, it might be

a case of just where blaring up and then of say, having blankets around to keep warm on august 20 sakes, gary, found out how much more his cost of living could go up. that's when the government set a limit for energy providers. previously, they could not charge more than $2300.00 euros per average household. now the limit has been up to 4100 euros. hundreds of thousands of brits don't know how they will be able to pay the difference. many are already depending on food banks to get by is very, very fearful because you're just thinking about how you're going to get the money to keep warm. how you're going to get the money to buy the food, which why is it gonna go through dog or heating? i think it's gonna be very hard for us. yeah. yeah. we try to live like people. the recent crisis has been hardest on the poor

natasha and gary waterhouse have been supporting the conservative party. but they are disappointed. we flew up in a sinking abandon ship her. there is nobody at the home steering was in the, in the right direction. the squabbling monks themselves and the knots folks and on the true thing that so voters, the people of his country, people like natasha and gary who are unsure how to get through the coming winter. ringback offer more on this. i want to go now to susanna streeter. she's a senior markets analyst at hargrove's lands down the u. k. largest retail investment platform. susanna, thank you for joining. surely these higher energy costs mean consumers will be spending less in other areas. what do you predict? absolutely, and we're already seeing this week at the latest death index from the british retail consortium. it snapshot shows that walsh,

many shop has it been doing. it's not actually buying essentially like school uniforms. so much that they had done in previous years. instead they're ring fencing budget and they're spending on things like neat where to keep them warm during the winter and also energy devices such as air rise, which are likely to use less energy at during the winter months. had to be turning off their cookers and using these instead of calls that they can afford to make these purchases. so we're already saying this change in behavior. now interestingly, today we tell stokes have risen at the likes of next, which is the major clothing platform and sportswear at company j. d. sports. there is an expectation that energy bills will be frozen and that could give consumers a bit more wiggle room when it comes to being able to afford more discretion reactions. however, remember that bills are likely only to be frozen at the current rate,

which as that you reported, pointed out to the red, full fowls and you rose. so already bill's going to be sky high. so i think is very difficult spending decisions will still have to be made certainly. well, very interesting consumer trends there. what do you think this means for the overall health of the economy and the u. k? well, i don't see it, sir. very promising is a pretty bleak outlook because even if these energy bills are frozen, although the situation shouldn't deteriorate further, it's going to mean that so many consumers will have a lot less money to spend. as that, they're going to be extremely cautious heading into the winter months. so certainly for some sectors like retail, hospitality, leisure, there are some pretty tough times ahead. i think looking at the broader market of call. so if you got higher energy prices that supports the energy johns, of course,

and so there will be some support in terms of the stock market. but in terms of the overall economy, there are lots of question marks this trust that she wants to capt. cut taxes as well, so that, that add to concerns about u. k. boring costs as well because they've already been shooting up. i was on a street or from harvey of lance. man, thank you so much. now to some of the other global business stories making this, germany's volkswagen is preparing a partial public offering of its portia brand plan for later this year. the listing is expected to bring and billions that volkswagen aims to invest in strengthening its production of electric cars. batteries and software croatia has begun requiring businesses to display prices in both kona, the national currency and the euro. then the new rule is aimed at preparing for crash, a switch to the euro on january 1st, and flyers will also be required to display wages and both currencies. germany will

keep 2 of its 3 nuclear plants running. it says they will be kept in reserve over the winter as the country struggles to replace russian energy sources. berlin had planned to exit nuclear power at the end of the year, who was sticking on that topic all over europe. high energy prices are causing problems for people also for entrepreneurs and energy suppliers. now, countries are reacting very differently to the crisis. our correspondence in germany, france, italy, and spain. explain how the german government has agreed on its biggest relief package yet for citizens and companies facing the pain of soaring energy prices. after tough overnight negotiations on the weekend, the coalition partners decided to help vulnerable groups, including pensioners, students and people receiving social welfare support. as well as energy companies that depend on expensive imported fuel,

the $65000000000.00 euro price tag will be paid in part by a new tax on windfall profits being reaped by other energy firms that depend on cheaper fuels such as cole. and meanwhile, the tireless energy diplomacy of germany's economics and climate minister, robert ha, beck has succeeded in partially weaning this country off of russian natural gas. paris has now increased a fuel subsidy by $0.12 to $0.30 per liter. it has also kept electricity, price increases, but resident, my car has already warned that the end of abundance is near and that energy prices will eventually rise. according to polls, the french are willing to reduce their energy consumption, as long as the government continues to help them financially. business and unions are calling for the government to do more,

even as 52000000000 euros have already been budgeted to soften the impact. the outgoing government of prime minister maria druggie is expected to call on the public to turn the heating down by one degree and to turn it off for an extra are every day. but his italians go to the pools on september 25th. the different political parties i expected to call for a cap on gas prices. i did the european level or domestically with others pushing for nuclear power or tapping further into local gas resources. clearly, this is going to be on top of the agenda for any new government. spain is taking part in a u white efforts to safe gas to make it through the winter visitors to spain may feel warmer than before hours. public billings, like shopping malls, restaurants for towels, or even airports are not allowed to cool there in the spaces below 27 degrees and contrast. the autumn and winter heating of these areas is not allowed above

19 degrees centigrade. furthermore, elimination of public buildings, even shop windows, has to be switched off after 10 pm to ease the burden off its citizens. the government just decided to lower the tags on gas. now we go to him a hell critique and he has an oil and gas market. analysts speaking to us from oslo, norway was russia, anticipating europe, tightening its belt to the extent that it has now hail in its move to get off russian energy. i believe that the russian government expected, well, somewhat different to reaction to the guess, blick male, well, i believe that mister burton expected to europe to decrease the o, well, the heat of sanctions against russia, and maybe to decrease. so the

a help all over europe to ukraine, which is a resistance the rest of the aggression. ok, well we've just heard about some of like, wearing an extra sweater italians turning down their temperature by one degree. how significant are these moves actually going to be for energy markets? will they make a difference? yes, i think they will make a difference, at least in the minds of the population. and the small contribution counts for the resistance to the rest of the black male. and we see that it's not only are there people in this 3 that are resist them. it is of the industrial companies, for example, since the beginning of august, still they handled it over august received that consumption of natural gas by industrial companies in germany decreased by over 20 percent of this. and there are

just saving and it is a very important factor for the resistance. right, right. well, what we're seeing here is, of course changes to people's consumption. also looking into different types of energy. is the industry expecting any sort of long term changes to how people consume energy because of this? yes, i expect. well, one of the strategic factors in the russia is, well expect in europe to slow down on the, the green transition on the new zation and switch to clean. and they're just such as hide roads in the when the solar and those and so forth. and we see the reaction of europe is absolutely opposite. the movement towards green energy is accelerate and in the europe. and i think there will be an absolute in you pattern of energy consumption and energy production in europe, in about maybe half

a year or 12 months. michelle critique and he's an energy analyst. thank you so much for joining us for that analysis. and a reminder of the top is the story we're falling for you at this hour. as she moves into 10 downing street list trust in harris, a country in crisis, a week economy, massive supply chain problems and skyrocketing prices for food and energy in the u . k. many brits are worried about the upcoming winter and wonder how they'll pay their bills. thanks for watching. that's our show. we'll see it tomorrow. with

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ah ah ah ah, this is dw news life from berlin. britain gets its 4th prime minister in 6 years. the queen formally invite less trust to form a government. oh, find out what changes she's likely to bring in that home and abroad. now that boris johnson is gone.