Politics · 1 hour ago

The war in Iran could cost John Healey his entire budget buffer

Economic analysts at EY warn that an extended conflict could drain £18 billion from the public purse by next summer. This scenario would leave the government facing a £7 billion shortfall in 2029, breaking rules on daily public spending. The bleak outlook assumes inflation reaches six per cent while the Gulf crisis disrupts the world's oil and gas networks.

By BriefTea Editorial · 5 October 2026 at 11:51

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