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Box A: The economic consequences of the Ukraine War for UK household incomes

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  • Patel, Urvish

Abstract

Russia's invasion of Ukraine on 24th February 2022, and the sanctions imposed in response by the UK and other countries, are likely to have a significant impact on the UK economy, despite this country having relatively few direct economic links to Russia. A quantitative analysis was produced by NIESR in early March (Liadze et al, 2022), which should be consulted for more details on the potential magnitudes of the shocks and their impacts.

Suggested Citation

  • Patel, Urvish, 2022. "Box A: The economic consequences of the Ukraine War for UK household incomes," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 6, pages 7-8.
    • Handle: RePEc:nsr:niesra:i:6:y:2022:p:7-8
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    File URL: https://www.niesr.ac.uk/wp-content/uploads/2022/05/UK-Economic-Outlook-Spring-2022.pdf
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    References listed on IDEAS

    as
    1. Moore, Richard, 2012. "Definitions of fuel poverty: Implications for policy," Energy Policy, Elsevier, vol. 49(C), pages 19-26.
    2. Bhattacharjee, Arnab & Lisauskaite, Elena, 2020. "Covid-19 Impacts On Destitution In The Uk," National Institute Economic Review, National Institute of Economic and Social Research, vol. 253, pages 77-85, August.
    3. Marc F. Bellemare, 2015. "Rising Food Prices, Food Price Volatility, and Social Unrest," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(1), pages 1-21.
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