General · 5 hours ago

Iran war makes Budget harder for John Healey, think tank warns

Graphic: BriefTea

Higher inflation resulting from the US-Israel war in Iran could compel Chancellor John Healey to reduce spending or increase taxes. The Institute for Fiscal Studies (IFS) urged the government to make its spending plans credible and avoid unrealistic cuts. The IFS expects a smaller £20bn buffer for meeting fiscal rules by 2029-30.

By BriefTea Editorial · 12 October 2026 at 6:44

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