The Iran War Comes Home: UK Households Face Energy Squeeze as US Diplomacy Fails

UK energy bills are set to spike after Ofgem lifted the price cap by 13% in July, with economists forecasting inflation will jump to 2.9% by Wednesday. The official line is straightforward: the Iran war's shockwaves through global markets are hitting British wallets directly, and the government must brace for a tough autumn budget.

Off the Record

Behind the headline inflation number lies a deeper crisis of confidence. The USS Abraham Lincoln furore—reports of...