00:01People in the UK could face higher energy, food and flight prices for months after the
00:05end of conflict involving the US, Israel and Iran, a senior government minister has said.
00:11The minister said that price pressures could last more than eight months even following
00:17any decided resolution. He said officials are assessing risks to supply chains, including
00:23energy, food and transport links affected by disruption in the Middle East.
00:28The government has set up contingency planning groups to monitor stocks and prepare for possible
00:34shortages and price spikes across the economy. Ministers say they are acting to protect households
00:41and maintain stability across markets.
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