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War in Iran threatens to blow £16bn hole in Reeves’s plans
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TeessideLiveReposted by 
Wales Online
Wales OnlineRachel Reeves says 'not our war' as UK inflation rises - bills and prices up
Price increases are expected to accelerate in the months ahead
·Middlesbrough, United Kingdom
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Rachel Reeves braces for 'severe' hit to economy as UK faces £16bn borrowing cost SURGE amid US-Iran war
Chancellor Rachel Reeves faces a borrowing disaster as three-quarters of the Treasury's fiscal buffer could be wiped out due to the US-Iran war, new analysis suggests.The Resolution Foundation is sounding the alarm that the UK is at risk of a "severe but plausible scenario", where if the Middle East conflict intensifies, Government borrowing would surge by £16billion annually by 2029-30.The Chancellor secured £21.7billion in fiscal headroom duri…
·London, United Kingdom
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Total News Sources4
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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