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The Middle East conflict is weighing on UK activity as energy prices rise; with the UK importing around half its energy, higher global prices force sacrifices in domestic spending and output, NIESR says.
The Iran‑US conflict, Iranian strikes and the closure of the Strait of Hormuz have had significant consequences for Wales, affecting trade, energy and the regional economy, NIESR warns in analysis of the conflict’s local impacts.
NIESR marks 100 years since J. M. Keynes’ essay The End of Laissez‑Faire, reflecting on its historical significance and continued relevance for debates about state intervention and economic policy.