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Out of business? or do they reduce their aspirations when it comes to services? because they've not got the money. we have in this country, as you do in europe, - in many countries, an energyl price cap for retail customers. and it does not exist. for government offices, for businesses, so if you're - running social housing projects where you have to keep| the heating on, if you're running social care homes, l the economics are disastroys at the moment, and i think that is where...j those are the kind of services where people feel the energy| crisis and what is going . on actually hits their l...

Of the incumbent or at least the political programme of the incumbent president, or do they actually, seeing the split that there is in the country and the abstention that we saw during the presidential elections — not deliver that for macron, at which point he will be suffering throughout to try to implement any of his policies? one of the issues, as an outsider and people looking towards france, is this idea that marine le pen was able to get the percentage of votes above 40% — was shocking. and so the question is, what is the long—term ramifications for france? but also the fact that ...

Winning in the east? are you going to keep pushing arms, military into that? - that's a very different i proposition, politically, domestically, to sell at home." a western flank is a different prospect, isn't it? i suppose what this has done is brought nato together in a way that... emmanuel macron hadn't been as warmly disposed towards nato until this crisis. exactly, and during the campaign, he said against marine le pen, who wanted to get out of the military command, he said, "we have to reinforce nato," which for french people is quite surprising because macron is a big defender of europe...

Fuel security, which we have already touched on. it is a nightmare scenario for any finance minister. i in france, i get people . asking me here in the uk, france capped its energy price rises at 4%, why can't - we do that here? i point out to them, - they have state—controlled energy supply called edf| which took a massive hit, 8 billion at the time — - it could be double that by now i — and that is a national asset, | the shareholding, so the public in some way have paid for that. we talk about local elections, we have some coming up - in the uk which we may talk about — any time . w...

There was a lot of pressure, particularly from the united states, to stop investing in hydrocarbon markets, to stop investing in the oil development and so forth, and so you had everybody on the back foot and then this crisis happened. if anything, it proved that, again, american policy of almost saying, "we need to wipe our hands of this and we can just transition easily" is not actually accurate, and so it's a very harsh lesson to learn because it will stay with us for years to come. we will see the oil and gas profits of some of the big. ones next week. cop26 climate summit. seems quite a l...