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March 1st, 2012 
FAKE NEWS for the Zionist agenda Data released by the Chartered Institute of Purchasing and Supply, the world’s largest procurement and supply professional organization, showed that Britain’s manufacturing sector grew slower in February than expected because of the hikes in the price of oil.
“The latest PMI survey brought the headwinds faced by manufacturers into sharper focus. Growth of new work from both domestic and overseas clients stagnated, with reports of weak demand from the eurozone offsetting new business wins in the US and Asia. Cost inflation also resurfaced, picking up sharply on the back of high oil prices,” said Rob Dobson, a London-based financial information services company.
After Iran announced its decision to cut oil supplies to British and French companies, the price of oil jumped to an eight-month high.
The British Foreign Secretary, William Hague, tried to downplay the impact of Iran’s decision on the British economy saying it would leave no “impact on Britain’s energy security.”
Nevertheless, Iran’s oil embargo was immediately followed by a hike in the price of oil as the price of Brent crude oil approached $126 on 26 February.
The Sun reported that the price of petrol would rise to over 150p a litre as the British Chancellor George Osborne would approve a fuel duty hike.
The impact of Iran’s oil cut to Britain continues to become more evident as British officials tend to remain in a state of denial.
ISH/JR/HE
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