Iran War's UK Toll: From Holiday Havoc to Growth Warning

The Iran war is squeezing your wallet from two directions: higher energy bills and pricier holidays. GDP growth slowed to 0.4% in the second quarter as rising oil prices began to bite, and Treasury models warn it could plunge to just 0.3% next year if the Strait of Hormuz stays blocked. Chancellor John Healey faces a 28 October Budget where he must ease the cost-of-living burden while promising not to raise income tax, VAT, or National Insurance.

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