A major impact of escalating conflict in the Middle East is on the world’s oil and gas supplies. Oil supplies could be affected by the conflict after Iran reportedly warned tankers on the Strait of ...

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The Chancellor’s speech comes just weeks after the Bank of England downgraded its growth rating for the UK economy.

The group said it was targeting another 5 to 6 in savings over the year, after slashing costs by 5.2 last year.