Britain’s Fuel Crisis Could Trigger Something Much Worse

Britain’s diesel crisis could become a much bigger economic problem. Rising fuel costs are squeezing businesses, pushing up delivery bills and leaving households with less money to spend. In this video, we examine how disruption to global fuel supplies could threaten jobs, increase food prices and raise the risk of a UK recession. We also explore emergency oil reserves, the limits of government intervention and the difficult choices facing the Bank of England. With analysis from economist Dr John Glenn, we explain why Britain does not have to run out of diesel for the economic damage to spread much further.