How Rising Oil Prices May Affect the UK Economy and Your Pocketbook

Rising Oil Prices Threaten UK's Inflation Battle Rising Oil Prices Threaten UK's Inflation Battle Image Credit : Google Image Credit : Google

[{"selector":"#anim-9a9d31e3-574a-4c99-afe1-bd5c1e0c9a0a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b416349c-3d0b-4da0-90d7-30f0fd802ed5","keyframes":{"transform":["translate3d(0px, 134.78840%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c326783e-1663-4b01-9a9f-b7953297ffac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Growing tensions in the Middle East caused up oil prices to $93 a barrel, causing the UK to worry about inflation. Growing tensions in the Middle East caused up oil prices to $93 a barrel, causing the UK to worry about inflation. Image Credit : Google Image Credit : Google

[{"selector":"#anim-a7923207-4553-43fb-b78a-fee1557e94a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d4721ed-95f9-42c4-a6b5-15fb15d35106","keyframes":{"transform":["translate3d(0px, 134.78840%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-672d9435-72b4-49dc-9ea3-8e5fb3cd6457 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Declines in food prices are offset by rising fuel costs, which keep inflation at 6.7%. Declines in food prices are offset by rising fuel costs, which keep inflation at 6.7%. Image Credit : Google Image Credit : Google

[{"selector":"#anim-dd3dd3b0-8aa3-4f8a-9dae-41f2ecd42054","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a68f6b4-bee5-4ae4-8b72-69420f91783c","keyframes":{"transform":["translate3d(0px, 803.83616%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4689fb0d-f0dd-4a06-b051-44e13d4d85aa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Declines in food prices are offset by rising fuel costs, which keep inflation at 6.7%. Declines in food prices are offset by rising fuel costs, which keep inflation at 6.7%. Image Credit : Google Image Credit : Google

[{"selector":"#anim-d25a7c76-9157-4f1b-ae7a-05dd67265ec6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52d6e67f-f4f0-4346-b84d-8fc8c11fdf4d","keyframes":{"transform":["translate3d(0px, 117.89575%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2468da10-83b6-4b4c-8633-0f0703c42341 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The rise in oil prices is due to of various incidents, like the Israel-Hamas conflict. Economists are keeping a careful eye on events. The rise in oil prices is due to of various incidents, like the Israel-Hamas conflict. Economists are keeping a careful eye on events. Image Credit : Google Image Credit : Google

[{"selector":"#anim-b64c20d7-9a0a-4306-819a-f835f6c4b696","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-815967c6-b1a6-4e92-aeb4-6be9897c7e23","keyframes":{"transform":["translate3d(0px, 134.78840%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a659183d-e3d2-40d3-8aab-a79d8362023a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] A 10% increase in oil prices, the IMF states, can have an impact on global inflation and GDP growth. A 10% increase in oil prices, the IMF states, can have an impact on global inflation and GDP growth. Image Credit : Google Image Credit : Google

[{"selector":"#anim-f0802337-2af1-4dc2-bedc-221b889c3365","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8c24df98-0a2b-458b-9d6d-5b7a70fcc63b","keyframes":{"transform":["translate3d(0px, 134.78840%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2616b45a-dcee-4c3d-a9d2-8f0cbaf9ad3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The spring of 2019 will see a £1.95 billion spike in business rates for UK companies. The spring of 2019 will see a £1.95 billion spike in business rates for UK companies. Image Credit : Google Image Credit : Google

[{"selector":"#anim-1cea97fc-8330-4b1c-b118-59f54c6e5291","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-24e8e2d3-0437-4019-be26-e5ff98e46cc8","keyframes":{"transform":["translate3d(0px, 177.18256%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b1d7ffd-9c6d-42df-b843-6dbeedb0ecf6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Take out later for more on this economic tale. Take out later for more on this economic tale. Image Credit : Google Image Credit : Google