The ‘Real Britain’ host questioned whether British production needed to be “bolstered” in the wake of supply chain disruptions from China during the pandemic and a potential energy crisis as a result of the Ukraine invasion. This comes as Brexiteers face more frustration as the triggering of Article 16 may be delayed due to the fraught situation in Europe.
Mr Grimes tweeted: “We found out during the pandemic that we’re much too reliant upon Chinese supply chains.
“We’re now finding out that we’re much too dependent on others for our energy needs and even our food supply.
“Is it time that we look to bolster Britain’s supply of such things?”
He followed this tweet with another suggestion on the social media platform about how Britain could create its own energy.
However the close connections between the UK markets and European ones mean that any price increase over there could still affect us significantly.
European natural gas analyst Leon Izbicki from Energy Aspects told Reuters: “The price move today is not based on fundamental changes to the European gas balances.
“The main driver behind the sharp rise in the TTF (Title Transfer Facility) is a perceived increase in the risk of European sanctions targeting Russian energy exports.”
The Title Transfer Facility is a Dutch virtual trading point for natural gas.
