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Minister warns of high prices for 8 months after Iran war

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Darren Jones, Chief Secretary to the Prime Minister, told the BBC’s Sunday with Laura Kuenssberg (aired on Sunday, April 26) that he was looking at the economic impact of the war “in a lot of detail”.

He shared that “price pressure” was more likely than gaps on supermarket shelves.

The US-Iran war has been ongoing since the end of February, and the blockade of the crucial shipping route, the Strait of Hormuz, has been a sticking point.

BBC News reports that energy production and transportation across the Middle East has slowed or stopped entirely due to the conflict, causing supply chain issues and price rises globally.

Higher prices could last ‘eight plus months from the point of resolution’

Discussing how long the higher prices of energy and food would last, Jones shared that it could be for many months once the conflict is concluded.

He said: “Our best guess is eight plus months from the point of resolution that you’ll see economic impacts coming through the system.

“So people will see higher energy prices, food prices […] flight ticket prices as a consequence of what Donald Trump has done in the Middle East.”

Sky News reports that Jones is heading up a contingency planning group of ministers meeting twice a week to focus on live monitoring of stock levels and what plans are in place for addressing supply chain disruption.

They will assess how the closure of the Strait of Hormuz and the subsequent reduction in oil, gas and ammonia supply will directly impact the UK.

Prime Minister Sir Keir Starmer will also chair another meeting of a Cabinet committee on Tuesday (April 28), set up to deal with any shortfalls.

Ministers have stressed there are no shortages yet, and drivers should continue to fill up as usual and not change travel plans over fears of potential jet fuel shortages.

Jones has previously said: “This is not our war.

“The government made the right call to stay out of the conflict and only take defensive action to protect Britain’s interests.


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“We’re acting now to prepare for, and mitigate where possible, the impact on our economy and domestic security as a result of the conflict.

“The prime minister wants to see a toll-free Strait of Hormuz reopened as soon as possible.

“The UK is working tirelessly with our international partners to find a permanent solution to this crisis and minimise the knock-on impact to households.





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Bicester ranked in UK’s fastest rising travel destinations

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Bicester is seeing a surge in demands thanks to a blend of premium retail at Bicester Village, strong rail connectivity, and easy access to Oxford and London.

New data from the digital rail ticketing platform TrainPal shows the destination experiencing sustained growth, as travellers increasingly look beyond traditional tourist hotspots.

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It’s ranked among other locations, including Salford, at the top spot, Hatfield, St Albans, and London.

Destinations experiencing the strongest growth in rail demand, highlighting a growing appetite for places that combine strong transport links, cultural attractions, food scenes, outdoor experiences and value for money.

Alvaro Ungurean, European commercial director, said the trends show travellers prioritising destination that offer “memorable experiences, easy accessibility, and a strong sense of place.”





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Venture Forge appoints Kenwright as Chief Commercial Officer

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SOFIAH NICHOLE SALIVIO

News Editor

Venture Forge has appointed Stephen Kenwright as Fractional Chief Commercial Officer, adding the former Rise at Seven executive to the Yorkshire Amazon agency’s leadership team.

At the 21-person company, Kenwright will lead new business and marketing as Venture Forge develops its commercial strategy and expands its market presence. The appointment comes as the agency prepares to support client brands through Amazon Prime Day, a key trading period for sellers on the platform.

Founded in 2018 by former Heads of E-Commerce Andrew Banks and Jonathan Newton, Venture Forge helps consumer brands sell through Amazon. Its clients include Thermos, VAX, John Cotton and Glen Dimplex.

Kenwright brings nearly two decades of experience in commercial, digital and agency leadership. He founded Rise at Seven in 2019 and helped grow the business to annual revenues of more than £7 million, with 110 employees across Sheffield, Manchester, London and New York, before leaving after three years.

He also founded SearchLeeds and now works as a non-executive director and business development consultant for several agencies. His work has been recognised by Business Insider’s 42 Under 42 and The Drum.

Growth plans

The hire reflects Venture Forge’s efforts to strengthen its leadership team as the business grows. The agency has built its position by advising consumer brands on Amazon sales, operations and profitability.

The role adds dedicated senior oversight of commercial development beyond the two founders, marking a shift from a founder-led growth model to a broader management structure as the business expands.

Kenwright said he had not expected to take on another CCO role.

“I had no plans to return to the fray in a CCO role, but the opportunity with Venture Forge was too good to pass up.

“I was excited to get deep into Amazon, since I feel like I’ve only scratched the surface in my previous companies. Working with Andy and Jonathan, who’ve been friends of friends for a long time and experienced retailers in their own right, has been a great experience over the last few weeks.”

“Most of all, it feels like an agency in its ascendency, and one where I can make a significant difference.”

Founders’ view

Andrew Banks, Founder and Managing Director of Venture Forge, said the appointment reflects both Kenwright’s background and the stage the company has reached.

“Stephen isn’t a stranger. He’s someone Jonathan and I have known of and rated for years.

“So this was never just about hiring a CCO. It’s about the right person arriving at exactly the right moment: the point where our commercial ambition has outgrown what two founders can carry alone.

“Having an operator of his pedigree choose us tells us everything about where Venture Forge is heading.”

The recruitment also reflects continued demand for specialists in marketplace commerce, particularly among consumer brands seeking stronger sales on Amazon. Agencies in this segment have benefited as manufacturers and retailers devote more attention to direct marketplace performance, advertising and fulfilment economics.

Prime Day remains one of the most important points in the Amazon trading calendar, often driving a surge in promotional activity, stock planning and advertising spend among brands. For agencies serving that market, the period can act as both a test of operational readiness and a source of new client demand.

Both founders previously held Head of E-Commerce roles before setting up the business. As Banks put it, the company has reached “the point where our commercial ambition has outgrown what two founders can carry alone.”



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Oxford University make investment warning amid parking row

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In an open letter, sent to Oxfordshire County Council, a group led by estate agent Savills and including developers and university colleges, has predicted a hit to new home delivery and business funding if new parking standards are not dropped soon.

They also said the new rules may lead to existing communities being charged to park on the street, outside their own homes.

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Delivered on Wednesday, June 17, the letter was signed by David Jackson, director at estate agents Savills, on behalf of Oxford University Development, as well as Brasenose, Christ Church, Exeter, Magdalen, New, Nuffield and St John’s colleges.

The university and colleges are involved in a number of building projects around the city including Begbroke and Oxford North innovation districts, and 1,450-home Bayswater Brook.

An aerial view of the innovation area at Begbroke Science Park Photo: Cavendish

In addition, developers Bellway Homes, Catesby Estates, Dorchester Residential Management and Greencore Homes were also signatories.

The group stressed that they support the council’s overall transport objectives including reducing car usage and increasing active travel but are “deeply concerned” about the 2026 standards.

These were adopted at a council meeting on April 21, and it was proposed they should apply to the entire county.

David Jackson, director at estate agents Savills (Image: Savills)

In his letter, Mr Jackson highlighted the introduction of a new category for residential development ‘Car Light’ and changes to the previously existing ‘Car Free’ communities.

‘Car Light’ is a new distinction for which a reduced level of parking provision is mandated, with 50 per cent of parking required to be on the street.

The tweaks to the ‘Car Free’ communities, which will see acceptable walking distances increased, would significantly extend the area in which new homes will have to be built with no parking provision.

The Red Hall under construction at Oxford North development (Image: Ed Nix)

The leader of Oxfordshire County Council denied the new parking standards were about being “anti-car”.

Tim Bearder said: “Oxfordshire is being asked to accommodate very significant housing and employment growth over the coming decades, but we cannot endlessly widen roads or build ever more parking spaces.”

The Liberal Democrat explained that if car use grows unchecked, congestion will worsen, creating difficulties for those who have no alternative to driving.

Councillor Tim Bearder (Image: Tim Bearder)

In addition, parking spaces take up land and reduce the number of homes that can be delivered.

Mr Bearder, who was named leader only last month, said transport had to be balanced, with developments prioritised for areas where public transport is an option.

“If we fail to plan for that now,” he said, “the scale of growth being imposed on Oxfordshire will overwhelm a transport network that is already under considerable pressure”.

A proposed bridge at the Bayswater Brook development (Image: Christ Church/Dorchester Residential Management)

However, Mr Jackson and those behind him have made dire warnings following the introduction of the 2026 standards and have called on the local authority to withdraw them and undertake a full and open consultation on how the previous rules might be adapted.

If left, the group warned the measures would “undermine, or at the least significantly delay, the delivery of much-needed homes” including affordable properties.

READ MORE: Party atmosphere in Oxford as England win FIFA World Cup opener

They added: “They are likely to give rise to a withdrawal of investment from new business and commercial spaces consequent on the drop in the attractiveness of Oxfordshire as a location for businesses to move to.”

In addition, existing communities may well be impacted, said Mr Jackson, as a requirement for ‘Car Free’ projects will be that Controlled Parking Zones will be introduced into communities near developments to manage the risk of overspill parking in roads next to developments.

He said: “This will have the effect of requiring residents in those neighbouring communities to pay an annual fee to park on street.”





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