Pressure on Government to tackle increasing energy costs

Department of Finance chief economist says that 'all roads lead to higher inflation and weaker growth'

Tánaiste Simon Harris said Ireland needs the 'economic firepower' to protect itself from the economic shock caused by war in the Middle East 'in the months and years ahead'. Picture: iStock

Pressure is growing on the Government to help households and businesses facing high energy costs, as Tánaiste Simon Harris warned that escalating conflict in Iran could have “significant consequences”.

Senior ministers will hold briefings on Ireland’s energy security on Wednesday amid the oil supply and price shock stemming from the war in Iran.