Four in five Britons worried Iran war will make food more expensive, poll finds
The Guardian World ·

Four in five people are worried that the Iran war will make food more expensive, according to a new poll, as businesses warned the “window is closing” for ministers to cut energy costs for UK …
Four in five people are worried that the Iran war will make food more expensive, according to a new poll, as businesses warned the “window is closing” for ministers to cut energy costs for UK retailers. Research by Opinium found that 80% of people are worried about the rising price of groceries, which would come from retailers passing on cost increases to consumers, while 73% expect the conflict to push up prices of other products. The blockade of the strait of Hormuz has already sent oil and gas prices soaring, caused a crisis in the global fertiliser industry , and has made shipping and distribution more expensive. The effects have so far been felt most acutely in sectors such as manufacturing and chemicals, which use high amounts of gas. The UK chancellor, Rachel Reeves, announced more support on bills for the most energy-intensive businesses in April, but now faces fresh calls to cut costs for the food sector. Helen Dickinson, the chief executive of the British Retail Consortium (BRC), said the war is “driving up costs across the supply chain and families are right to be concerned”. Opinium found that 80% of people are worried about the rising price of groceries. Photograph: Maja Smiejkowska/Reuters She said ministers should remove non-commodity energy costs for retailers, which are the charges and fees that make up a large portion of electricity bills for companies. “Other governments are already acting,” she added. …
Original source: The Guardian World
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Hormuz · Donald Trump · Germany · Middle East · Britons · Iran war · Rachel Reeves · Bank of England