War in Middle East ‘could wipe out growth in UK living standards’
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<p>Rising oil and gas prices may hit increase of £300 a year for typical working-age households, says leading thinktank</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/mar/04/war-middle-east-uk-living-standards-growth-markets-energy-shock-live-news-updates">Business live – latest updates</a></p></li></ul><p>Conflict in the Middle East could trigger an energy price shock that wipes out anticipated growth in li
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<p>Rising oil and gas prices may hit increase of £300 a year for typical working-age households, says leading thinktank</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/mar/04/war-middle-east-uk-living-standards-growth-markets-energy-shock-live-news-updates">Business live – latest updates</a></p></li></ul><p>Conflict in the Middle East could trigger an energy price shock that wipes out anticipated growth in li
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