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bbc_business apr 26, 2026

Higher prices could last for eight months after Iran war, minister says

Minister warns higher prices could persist for eight months following Iran war.

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uk households face higher energy, food, and flight ticket prices for at least eight months after the us-israel war with iran ends, according to chief secretary to the prime minister darren jones. he told the bbc's sunday with laura kuenssberg that "price pressure" was more likely than empty shelves, and that the economic impacts would last "eight plus months from the point of resolution." the imf last week cut its uk growth forecast for this year from 1.3% to 0.8%, citing the energy shock from the war. jones is leading twice-weekly meetings of a contingency planning group, while prime minister starmer will chair a cabinet committee on tuesday to deal with potential shortfalls. the government is also planning for possible disruptions to co2 supply, used in food preservation and animal slaughter, and jones raised concerns about pubs running out of draught beer during the men's football world cup this summer.
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