Warning Iran war 'shock' could push up mortgages for 1.3m homeowners

Higher energy prices could lead to higher borrowing costs for homeowners, the Bank warns.

This is what a fossil-fuel shock looks like. The UK must adapt its energy system – and quickly | Chaitanya Kumar

The Iran war will hit food prices, fuel costs and interest rates. But with a few smart moves, we could could turn this crisis to our advantage Energy shocks don’t just raise our energy bills – they can be turning points in how our economy runs. The UK responded to the energy crises of the 1970s by reshaping its energy system and doubling down on extracting its own fossil fuels from the North Sea. Investment poured in and the UK became a net energy exporter. When energy security is on the line...

By Chaitanya Kumar