Iran War's UK Price Tag: £2,400 Hit and Rising Energy Bills

A new analysis from the Centre for Economics and Business Research (CEBR) reveals the staggering domestic cost of the Iran war: UK households will be £2,400 poorer by the end of 2027. This economic shock, driven by soaring energy prices and wage stagnation, wipes an estimated £70.4 billion from the nation's real disposable income. The conflict, which began with the closure of the Strait of Hormuz, has fundamentally altered the Bank of England's outlook, turning expected...