7 resultsfor “impact of Iran war on UK budget”
Iran war, which is having a huge impact on the global economy. When the Labour government took power in July 2024, it said growth was its top priority. Across 2025 as a whole, UK
UK claims to be thought leaders on the subject, he said, before later adding the judgment might seem harsh. Fletcher, the undersecretary-general for humanitarian affairs and emergency relief coordinator and head of the Office
Iran war is bad news for the global economy. But for some countries, the unfolding conflict is having a bigger impact than for others. The [International Monetary Fund’s verdict](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices) is that
impact of the Iran war is expected to hurt the labour market in the coming months. The EY Item Club has forecast that unemployment [will hit 5.8% by the middle of 2027](https://www.theguardian.com/business/2026/apr/20/250000-could-lose-job-2027-uk-recession-analysis-economy-iran-war),
budgets and pushes up business costs. The supermarket group said the conflict “will impact both our customers and our business” and it was unclear how large the effect would be. The company reported
war in the Middle East has added a new source of fiscal pressure to an already strained global landscape,” it said in the report. “The conflict has material global reach, disrupting energy supplies, tightening financial
impacted by geopolitical risks that have disrupted global markets,” the Market Intel states. “Since the escalation of tensions in the Middle East, nitrogen fertiliser prices have risen more than 30%, while combined fuel and fertiliser