{"id":803743,"date":"2026-10-15T20:32:10","date_gmt":"2026-10-15T20:32:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/803743\/"},"modified":"2026-10-15T20:32:10","modified_gmt":"2026-10-15T20:32:10","slug":"why-oil-shocks-will-hit-bank-accounts-across-the-uk-channel-4-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/803743\/","title":{"rendered":"Why \u2018oil shocks\u2019 will hit bank accounts across the UK \u2013 Channel 4 News"},"content":{"rendered":"<p>How does the price of oil impact your bank balance?<\/p>\n<p>Household budgets are being squeezed right now over fuel, shopping and energy bills. Fuel prices in the UK have hit record highs.<\/p>\n<p>Energy bills are forecast to see the biggest surge in four years in January, and the Bank of England has warned that interest rates could increase in November \u2013 again.<\/p>\n<p>It\u2019s another example of how foreign conflict \u2013 like Yemen, Iran and in Ukraine \u2013 is pushing up prices in the UK.<\/p>\n<p>So, in this episode of <a href=\"https:\/\/www.youtube.com\/show\/VLPLXjqQf1xYLQ7pExVY_2Bf4YVv0rudmc1e?season=1&amp;sbp=CgExGgAqC2VVZ1YyN1hZcG9vQAFKDVBTR0lQU3NPY25DbjQ%253D\" rel=\"nofollow noopener\" target=\"_blank\">the breakdown<\/a>, we speak to Dr Sugandha Srivastav, Lecturer in Environmental Economics at the University of Oxford, to look at the chain reaction being caused by conflict thousands of miles away.<\/p>\n<p>We explore why prices shoot up so quickly, but seem to take much longer to come down, and whether there is anything the UK can actually do to protect itself from the next \u2018oil shock\u2019.<\/p>\n<p>Presenter: Anja Popp<br \/>Producer: Suzannah Rogerson<br \/>Series Producer: Joseph Keith<\/p>\n","protected":false},"excerpt":{"rendered":"How does the price of oil impact your bank balance? Household budgets are being squeezed right now over&hellip;\n","protected":false},"author":2,"featured_media":803744,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[59,57,58,50,56,54,55],"class_list":["post-803743","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-gb","tag-great-britain","tag-greatbritain","tag-news","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/803743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=803743"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/803743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/803744"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=803743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=803743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=803743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}