UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
Analysts from NIESR warn that the UK government faces a difficult budget due to rising inflation and oil prices linked to the ongoing conflict in the Middle East. The think tank suggests that the Prime Minister will struggle to maintain public services without significant fiscal adjustments.
Ships anchored in the strait of Hormuz off Iran on Monday. The on-off closure of the waterway has pushed up oil prices, putting pressure on inflation. Ships anchored in the strait of Hormuz off Iran on Monday. The on-off closure of the waterway has pushed up oil prices, putting pressure on inflation. Business UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’
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