Trump’s trade war put the UK on the back foot. His actual war may break us | Larry Elliott

The government looks ill prepared for the coming stagflation storm – its ‘keep calm and carry on’ approach won’t survive a blast of reality Britain is facing the most severe energy shock since the early 1970s, but have no fear: the government has a plan. Details of said plan are still a little sketchy, but will be unveiled in the fullness of time. No need to panic. Keep calm and carry on. It remains to be seen whether the UK is better prepared to cope with the fallout from Donald Trump’s war ...

By Larry Elliott