G7 crisis meeting.

 The finance ministers of the G7 will hold an emergency Zoom meeting today as the oil price passes $100 a barrel for the first time since 2022 and the war in Ukraine. There could be a serious impact on the world economy, unless the war in Iran ends very soon. The UK is therefore very vulnerable to this shock as our productivity is so anaemic and not sufficiently robust in the current environment. We have suffered for many years with a below average productivity relative to our other G7 countries. The longer the war goes on Rachel Reeves, will be kept awake at night.