Is the UK government prepared for oil price hikes?
Pippa Crerar and Kiran Stacey discuss whether the government is prepared for an oil price shock from the war in Iran
March 9, 202623m 57s
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Show Notes
Oil prices have already shot up thanks to the US-Israeli war in Iran. But what is the economic fallout likely to be? Will interest rates rise? What about inflation? Could the cost of borrowing increase – and by how much? Pippa Crerar and Kiran Stacey discuss how the cost of living might be hit and the political implications of that. Help support our independent journalism at <a href="https://www.theguardian.com/politicspod">theguardian.com/politicspod</a>
Topics
PoliticsUK newsUS-Israel war on IranOilGasEconomicsEconomic policyInflationWorld newsCommodities