Image Credit: VCG via Getty Images A shortage of food due to the Ukraine crisis poses an “apocalyptic” threat to UK consumers, the UK’s central bank head has warned.
Andrew Bailey, the Governor of the Bank of England, has warned elected officials in the country that a food shortage caused by the ongoing war in Ukraine poses an “apocalyptic” threat to the UK. Bailey said that shortages in wheat and cooking oils resulting from Ukraine being unable to export produce could lead to major inflationary pressures which would further stress the finances of British consumers, with Ukraine being responsible […]
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