Middle East War Escalation Threatens UK Budget and Security

Chancellor John Healey has warned that the Middle East war will force a “tough” budget on 28 October, with inflation, growth and borrowing costs all under pressure.

• What’s proposed: The government must now find a “buffer against uncertainty” without breaking Labour’s 2024 manifesto pledges not to raise income tax, national insurance or VAT.
• How it affects you: Higher global bond yields – now at an 18‑year high – are already pushing up...