Robert Peston: Middle East conflict 'particularly problematic' for UK growth

Since the 2008 recession, Peston acknowledged: "We have seen a whole succession of crises that have fundamentally reshaped the world." There was Brexit, the first election of Donald Trump, the Covid-19 pandemic, Russia invading Ukraine, then a second Trump administration, a tariff shock, and now the conflict in the Middle East. "The world is intrinsically much less stable than it had been over the previous 15 years," Peston stressed. For the UK, this is "particularly problematic" as it has coincided with a period of low growth, meaning "we are living through volatile times". The...