Burnham has warned that a war involving Iran could have consequences for UK economic growth next year, as conflict in the Middle East continues to affect energy prices and supply chains.
The warning centres on the economic pressures already linked to the regional conflict. Oil and fuel prices have risen, increasing costs that can feed through to households and businesses.
Supply chains have also been disrupted, adding another source of strain for firms reliant on the movement of goods and materials. The combination of higher fuel costs and logistical disruption is the basis of the concern about the outlook for growth.
The supplied material does not provide further detail on the scale of the expected impact, the specific sectors most exposed, or any policy response being considered.
The latest position is that the Middle East conflict has already pushed up oil and fuel prices and affected supply chains, with Burnham warning that the effects could be felt in UK growth next year.
