UK mulls calling in army to help ease gas shortage at pumps
London(AP): Lines of cars formed at some British gas stations for a fourth day on Monday, as the government mulled sending in the army to help ease supply disruption triggered by a shortage of truck drivers.
Brian Madderson, chairman of the Petrol Retailers Association, said training had been taking place in the background for military personnel to drive tankers, though the government said it had no plans at the moment to deploy troops.
The association, which represents almost 5,500 independent outlets, said Sunday that about two-thirds of its members were reporting that they had run out of fuel, as the driver shortage set off a round of petrol panic-buying.
Roland McKibbin, a self-employed electrician in London, said he had had to cancel jobs because he couldn't get gas.
I rely on fuel to travel to jobs, no fuel means I can't drive, which means I can't get to jobs with my tools, he said. So, basically, the panic-buying idiots have lost me income, and directly taken food off the table for my wife and 5-year-old son, because I can't wire people's houses from home, unfortunately.
The haulage industry says the UK is short as many as 100,000 truckers, due to a perfect storm of factors including the coronavirus pandemic, an aging workforce and an exodus of foreign workers following Britain's departure from the European Union last year.
Post-Brexit immigration rules mean EU citizens can no longer live and work visa-free in Britain, as they could when the UK was a member of the bloc.
Several countries, including the United States and Germany, also are experiencing a shortage of truck drivers. But the problem has been especially visible in Britain, where it has contributed to empty supermarket shelves and shuttered gas pumps.
The government blamed the petrol supply problems on panic buying, and urged people not to hoard fuel.
The only reason we don't have petrol on the forecourts is that people are buying petrol they don't need, said Environment Secretary George Eustice.
The government announced it is temporarily suspending competition laws so fuel firms can share information and target areas where supply is running low.
It is also bringing in military driving examiners to help clear a backlog of new truckers awaiting tests.
Eustice said we've no plans at the moment to bring in the army to actually do the driving . "But we always have a civil contingencies section within the army on standby, he added.
After weeks of mounting pressure over shortages, the UK's Conservative government announced Saturday that it will issue thousands of emergency visas to foreign truck drivers to help prevent a Christmas without turkey or toys for many British families. The government said it would issue 5,000 three-month visas for truck drivers starting in October, and another 5,500 for poultry workers.
But that falls far short of the number needed. Ruby McGregor-Smith, president of the Confederation of British Industry, said the announcement was the equivalent of throwing a thimble of water on a bonfire .
Representatives of European truckers were sceptical that many would want to come to the UK for such a short time. The visas are due to expire on December 24.
Edwin Atema from the Dutch FNV union, which represents drivers across the Europe, said the visa plan was a dead end . "I think the EU workers we speak to will not go to the UK for a short-term visa to help UK out of the (mess) they created themselves, he told the BBC.
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Extreme weather may pose risk to inflation, says RBI Bulletin
Mumbai (PTI): Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank's April Bulletin said on Tuesday.
The retail based on the Consumer Price Index (CPI) has eased to 4.9 per cent in March after averaging 5.1 per cent in the preceding two months.
The Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.
An article on 'State of the Economy' published in the Bulletin further said global growth momentum has been sustained in the first quarter of 2024, and the outlook for world trade is turning positive.
Treasury yields and mortgage rates are ticking up in major economies as expectations of interest rate cuts are being pared.
"In India, conditions are shaping up for an extension of a trend upshift in real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments," the article said.
The RBI, however, said the views expressed in the Bulletin article are of the authors and do not represent the views of the Reserve Bank of India.
