Businessglobal-economy
Iran War Threatens Healey's Budget Plans, Think Tank Warns
The Institute for Fiscal Studies has warned that Chancellor John Healey could need to find up to £35bn to meet government spending plans due to the economic fallout from the Iran conflict. Price spikes driven by the ongoing war pose significant risks to the UK's financial stability. Higher-than-expected inflation resulting from the geopolitical crisis threatens to severely eat into government resources, complicating upcoming budgetary decisions and fiscal targets.