Hello and welcome everybody to this IFG emergency webinar. I'm Jo Rutter. I'm a senior fellow here.

So just two weeks ago, just over two weeks ago, Rachel Reeves appeared to be looking to a brighter future to the sunlit uplands.

Even then, those of us listening to her spring forecast statement would have thought she was maybe being

a bit too complacent about the clouds gathering around the economic outlook as the Iran war had started.

Now it looks as though we're in the middle of a full-blown energy shock. So that's what we're

taking stock of today in what could be quite a

grim hour. Hope you're all sitting comfortably. And I'm joined by a top panel to take us through

both what this means for households, for businesses, for the world economy, but also more

narrowly what it means for the Chancellor of the prospects of the

public finances etc so we are joined by Nick Butler the former head of strategy for BP

and then a senior policy advisor in number 10 to Gordon Brown my colleague Dan

Highley a senior economist at the Institute for Government, who's just produced an Energy Bills Explaner, which you can find on our website.

Emma Pinchbeck, who until quite recently was the former chief, was the chief executive of Energy UK, but has now translated across being chief executive of the climate change committee.

So it's incredibly well placed to comment on this.

And last book, by no means least, Andrew Sissons, the director of the Sustainable Future Mission at Nesta.

So a reminder about how this works.

I'm going to ask questions, but do post your own.

We have Slido already up and going.

So post your question.

If you're a civil servant, I know we've got lots of civil servants signed up to this,

and you don't want to admit who you are.

You can stay anonymous, though we do like to know who is commenting.

...