Event

The economic fallout from war in the Middle East Part II

This event hosted by UK think tank the Resolution Foundation discusses the outlook for the economy and public finances.

Although the eventual impact of the escalating war in the Middle East is unknowable, we do know that it is already adding to cost of living pressures, that inflation and the path of interest rates will be higher, and that growth rates for GDP and disposable incomes will be lower (and may turn negative). The Resolution Foundation is hosting a pair of events in April to unpack what the effects of the war are on the UK economy, and how policy makers should respond.

This second event will focus on the wider outlook for the economic and public finances.

How much might the war reduce the UK’s growth prospects? What fresh policy support might be needed in the face of a potentially acute and prolonged price shock? How will this affect interest rates and mortgages? And what might an outlook for lower growth, higher inflation, higher debt servicing costs and fresh policy support mean for the public finances, and the Chancellor’s fiscal rules?

Following a presentation of wider domestic economic implications of the war in the Middle East, the Foundation will be joined by leading experts in their fields to discuss what might unfold, and how the Government and Bank of England should respond.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.

Speakers

Michael Saunders – Senior Advisor at Oxford Economics

Liz Martins -Senior UK Economist at HSBC

Tej Parikh – Economics Leader Writer at the Financial Times

Simon Pittaway – Senior Economist at the Resolution Foundation

Ruth Curtice – Chief Executive of the Resolution Foundation (Chair)