UK Set for £35bn Iran War Hit — Reeves’ Fiscal Headroom Just Vanished
Imagine the Chancellor’s morning briefing today. NIESR — Britain’s oldest economics think tank — has [just told the Treasury that the Iran war will knock at least £35bn off UK…

Imagine the Chancellor’s morning briefing today. NIESR — Britain’s oldest economics think tank — has [just told the Treasury that the Iran war will knock at least £35bn off UK…

5 per cent. That’s the 10-year gilt yield this morning — joint-highest level since the 2008 financial crisis, and only the third time it has cleared that line since the Iran war…


