This is The Guardian.

It feels like it's kicking off on so many different fronts in terms of the things that we all

spend our money on the petrol and the diesel front, certainly already gone up.

The mortgage market is sort of internal.

Energy bills, I think, if you're putting money on it,

I think you'd have to be saying that's going up.

The war in Iran has sent shockwaves for the global economy

and could threaten a new cost of living crisis in the UK.

From The Guardians Today in Focus, this is the latest of me, Lucy Hove.

I'm joined by Rupert Jones, who is Deputy Editor of the Guardian's Money Section.

Thanks so much for coming into the studio Rupert. So, I mean, people might recall, or it is in

certainly recent memory, the economic shockwaves that were sent out across global markets

and for consumers in the wake of the Russian full-scale invasion of Ukraine.

One thing that's become clear in the week and a half or so since the war broke out in Iran

is that similar levels of economic shock are spreading in a way that consumers are already

starting to feel the pinch

and there are warnings that this could start to send energy bills here and elsewhere up.

Yes, that's right. You're right. I mean, with this thing, it's just, it feels like it's kicking

off on so many different fronts of, in terms of the things that we all spend our money on,

the things that we build on. And in some things seem to be sort of, there's maybe not that much movement right now. Other things are moving right now. I mean, so household energy bills is one of those ones where there's a little bit of security in that there's this off-gem price cap, obviously, that probably most people know about now that sort of you know that caps off

the maximum of what you pay they've set it for the period first of April to the end of June so we've

got that's nailed down if you like it's not far away it's not it's not that far away of course

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