Chancellor Rachel Reeves set out the Office for Budget Responsibility’s forecasts as the Iran war threatened to cast a shadow over the economy.
The Chancellor’s speech comes just weeks after the Bank of England downgraded its growth rating for the UK economy.
A major impact of escalating conflict in the Middle East is on the world’s oil and gas supplies. Oil supplies could be affected by the conflict after Iran reportedly warned tankers on the Strait of ...
The conflict between Iran and the US and its allies has caused widespread airspace closures in the Middle East, sparking major disruption to flights.
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