Personal Finance. Money. Investing.

Prime Minister Puts Army On Standby Amid Panic Buying Chaos

Boris Johnson has ordered the British army to remain on standby to help fuel reach petrol stations affected by panic buying. This comes as critics urge him to get a grip on the shortages shuddering through the economy.

Posted: 28th September 2021 by Finance Monthly
Share this article

The prime minister said army drivers would be prepared to help deliver fuel to affected petrol stations on a short-term basis amid the crisis. The decision was made on Monday at a meeting of cabinet ministers as the industry said that consumer panic buying  not real shortages of petrol and diesel was the main cause of the problemHowever, despite government warnings of panic buying only worsening the situation, many continue to queue at fuel stations.  

Business secretary Kwasi Kwarteng has said, “The UK continues to have strong supplies of fuel. However, we are aware of supply chain issues at fuel station forecourts and are taking steps to ease these as a matter of priority. If required, the deployment of military personnel will provide the supply chain with additional capacity as a temporary measure to help ease pressures caused by spikes in localised demand for fuel.”

The government has released a joint statement from the fuel industry, announcing that companies expect the problem to ease off within the coming days as many drivers will now have full tanks of fuel.

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram