Iran war could lead to inflation and energy price rises, says former chancellor скачать в хорошем качестве

Iran war could lead to inflation and energy price rises, says former chancellor

Former Conservative chancellor Sir Jeremy Hunt has warned the Iran war could push up energy costs and inflation. Speaking to Sky News, he says that his rule of thumb as chancellor was: "If international oil and gas prices go up by 20%, that's 1% higher inflation and half a percent lower growth. And you cannot ignore that kind of impact on the economy." He suggests that while the government may not want to make any policy measures in today's spring forecast, "they are going to have to react to the events in Iran" if the conflict continues." Read more: https://news.sky.com/story/politics-l... #inflation #ukpolitics #skynews Follow us on X: https://x.com/RidgeandFrost Follow Sophy on Instagram:   / sophyridge   Follow Wilf on Instagram:   / wilfredfrost   Listen to Cheat Sheet here: https://podfollow.com/cheatsheet/ For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-n... Android https://play.google.com/store/apps/de... To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales