Burnham's Burnham's Burnham's Burnham's Burnham's Burnham's Budget Crisis: Iran War and Chip Rout Squeeze UK Finances

Prime Minister Andy Burnham inherits a fiscal nightmare as the Iran war and a global chip stock rout collide to hammer the UK economy. The National Institute of Economic and Social Research warns of "very difficult trade-offs" in the autumn budget, with oil prices spiking above $100 a barrel and inflation forecast to hit 3.8%. The chancellor now faces finding an extra £24bn by decade's end just to maintain services.

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**London's Square...