Britain | Energy prices

Britain’s gas market is broken

Soaring energy bills are a problem for firms, households and the government

“THE HISTORY book on the shelf/Is always repeating itself.” So sang ABBA in the 1974 Eurovision Song Contest, in the song that catapulted the Swedish band to global fame: “Waterloo”. Half a century later those words seem apt. The band has reunited, with a new album due in November. Its members are going on a virtual tour, performing as CGI avatars that look like their younger selves. And in Britain, where ABBA dominated the charts for more than a decade after that Eurovision victory, echoes of the 1970s are growing louder, too.

This article appeared in the Britain section of the print edition under the headline “Flaring up”

The mess Merkel leaves behind

From the September 25th 2021 edition

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