How Trump's failed war in Iran screwed Britain

About this episode

The episode discusses the economic fallout in Britain due to Trump's actions in Iran and the implications for inflation and interest rates.

The Bank of England Monetary Policy Report might sound like a dry and dusty economic report - and often it is - but today's made for truly shocking reading for Britain. Its analysis shows living standards are already falling and, as a result of Trump's war in Iran, inflation could go above 6%, and as many as six rises in interest rates might be needed by the end of this year. That would mean rocketing mortgages, eye-watering increases in food prices, and job layoffs with the UK economy stunned by the fallout from Trump's war with Iran. Is there any sense of a way out of this mess from the White House? Or is Trump happy to sink the global economy if it increases his chances of pummelling the regime in Tehran into submission? Later - 40 days until the world's most prohibitively expensive World Cup kicks off. Is America actually trying to keep people away? The News Agents is a Global Production. The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

Topics covered

• Trump
• Iran
• UK economy
• inflation
• interest rates
• World Cup

Keywords

• Trump
• Iran
• Bank of England
• inflation
• interest rates
• UK economy
• World Cup

Sponsors

HSBC UK

Mentioned in this episode

Organizations: Bank of England

Places: Britain, Iran, America

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