War with Iraq may damage business

first_imgWar with Iraq may damage businessOn 17 Sep 2002 in Military, Personnel Today Related posts: Comments are closed. Previous Article Next Articlecenter_img Businesses are bracing themselves for the consequences of war in the MiddleEast. A war with Iraq took a step closer following Tony Blair’s call for actionduring his address to the TUC annual conference last week. John Philpott, chief economist at the CIPD, said a war could damagebusinesses and jobs. “If oil prices go up because of a war it wouldincrease costs, and put firms under pressure. “During the Gulf War, people stopped flying as they were worried aboutterrorism. That would have an impact on business, especially long-haulcarriers,” he said. Philpott also thinks inflation and interest rates would increase as a resultof a conflict. Last week, Rod Eddington, chief executive of British Airways, said thataction against Iraq would damage airlines. The TUC Congress passed a motion opposing unilateral military action againstIraq without the United Nation’s authority. Features list 2021 – submitting content to Personnel TodayOn this page you will find details of how to submit content to Personnel Today. We do not publish a…last_img

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