Britain has deployed soldiers to help in delivering fuel in the UK as panic over purchase of gasoline continues in some parts of the country.
This strategy devised by the British government is to help ease fuel supply constraints caused by shortage of truck drivers.
Panic buying in recent weeks has caused a long line outside stations, many of which have been left completely dry. While the situation has begun to improve in most parts of the country, shortages remain acute in London and England’s southeast.
The U.K. lacks an estimated 100,000 truck drivers, which has disrupted the supply of fuel, food and goods around the country.
Brexit, regulatory changes and the Covid-19 pandemic are among the issues adding to the shortage.
Despite the short-term supply issues, the U.K. remains on a solid recovery trajectory. The investment bank expects the country’s GDP to grow by 6.9% in 2021, but has lowered its 2022 outlook from 5.8% growth to 5%.
