On the recordAugust 3, 2026
Conflict and uncertainty increases inflation, threatens growth and pushes up costs for businesses and governments alike.
Said by
John Healey
Labour Party
Source
theguardian.comConflict and uncertainty increases inflation, threatens growth and pushes up costs for businesses and governments alike.
Commenting on the economic effects of the Iran war.
Share
More from John Healey
People recognise these times that are tough for everyone, and what they do expect of a government is to manage with the budgets we've got, deliver the public services they need, and that's the challenge.
The step back from this is that the future of Ukraine is the future of European security, and that’s why it’s so crucial that Putin doesn’t prevail.
Despite conflicts in the Middle East and Europe hitting people across the world, today's figures offer more proof of Britain's resilience in the face of these global shocks.