Soaring energy prices could force companies to axe workers, the newspaper has reported
More than 100,000 Britons are at risk of losing their jobs due to market turmoil in the wake of the US-Israeli attack on Iran, The Telegraph reported on Monday.
Oil prices have jumped to over $100 per barrel amid supply disruptions brought on by the conflict, up from around $70 last month.
James Smith, from investment bank ING, has warned that if the conflict continues, employers will offset higher energy costs by axing their workforce or suspending hiring, according to the newspaper.
“It depends how long energy prices stay high. If we’re in a scenario where…
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