Higher energy prices are acting like a tax hike on the UK economy. ⚡️

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the core impact going to be on the
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second quarter because the conflict
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started the beginning of March. You'd
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expect that to filter down the line. You
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have to think though, higher energy
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prices, they kind of act like a tax hike
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on the economy and that does lead to
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slower growth, unemployment. So, that's
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the real issue that central banks have
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to face. As I said, they can't control
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fuel prices and they know that. So, then
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they have to try and adapt their policy
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actions to try and support the economy
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through a period of higher energy
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prices, of higher inflation. That is
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probably going to translate into slower
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growth, potentially negative growth and
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higher consumer prices.

Higher energy prices are acting like a tax hike on the UK economy. ⚡️

City AM

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Higher energy prices are acting like a tax hike on the UK economy. ⚡️

City AM