Middle East Turmoil Threatens UK Growth Plans, Experts Warn
UK Chancellor Rachel Reeves faces challenges from soaring global energy prices due to conflict in the Middle East, jeopardizing plans to conquer inflation and spur growth.
Middle East Turmoil Threatens UK Growth Plans, Experts Warn
As the UK's Chancellor Rachel Reeves prepares to deliver her spring forecast, economists have warned that soaring global energy prices stemming from the widening conflict in the Middle East could jeopardize her plans to conquer inflation and rekindle economic growth.
The warning comes as projections from the independent Office for Budget Responsibility (OBR) are expected to show public finances moving in the right direction. However, the surge in energy costs driven by the Middle East conflict threatens to undermine Reeves's strategy.
In her upcoming address, Reeves will insist that she has
Source: The Guardian
