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Middle East Conflict Energy Prices Set to Leave Typical British Household £480 Worse Off This Year
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Iran conflict to cost the typical households £480 each
Rising energy costs triggered by the conflict in Iran are set to leave typical British households nearly £500 worse off this year, according to new analysis from the Resolution Foundation. The thinktank calculates that the median working-age household, previously on track for modest income growth of 0.9%, could now see income fall by 0.6%, a swing worth around £480. Lower-income households will still see some benefit from the abolition of the tw…
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