Risks and opportunities during an energy crisis

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

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The value of an investment, and any income from it, may go down as well as up and you may get back less than you originally invested.