The political pressure to provide economic support is likely to mount. Britain’s Labour government has repeatedly cited the cost of living as its “number one” concern. Prime Minister Sir Keir Starmer said on Monday that government was thinking about what it could do to limit the impact. If crude prices do continue to rise, policymakers ought to heed the lessons of the 2022 energy shock and ensure any support is calibrated. That means designing temporary measures targeted at the most vulnerable individuals and enterprises.