Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Millie Cooke

Warning price hikes on energy, food, and flights will persist for months

  • A government minister has warned that price increases for energy, food, and flights will persist for at least eight months after the Iran war concludes.
  • Chief Secretary to the Prime Minister, Darren Jones, attributed these economic impacts to "what Donald Trump has done in the Middle East."
  • The government has intensified its planning to mitigate potential shortages, particularly following the closure of the Strait of Hormuz, a vital shipping lane.
  • A Cabinet committee and a ministerial contingency group are meeting regularly to monitor stock levels and address supply chain disruptions, though price rises are expected more than empty shelves.
  • Leaked contingency plans, codenamed "Exercise Turnstone," revealed a "reasonable worst-case scenario" could lead to severe carbon dioxide shortages, significantly affecting farming and hospitality.

IN FULL

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.