Is the UK government prepared for oil price hikes? – podcast

<p>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</p> <a href="https://www.theguardian.com/politics/audio/2026/mar/09/is-the-uk-government-prepared-for-oil-price-hikes-podcast">Continue reading...</a>