Politics
The Iran war has blown a near GBP 12bln hole in UK public finances, according to FT estimates, slashing chancellor Healey’s headroom in half and forcing him to lean on Budget tax rises and spending cuts to fund efforts to ease the cost of living
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The headline attributes a near £12bn fiscal hole to the Iran war, says Healey’s headroom was halved, and reports reliance on Budget tax rises and spending cuts for cost-of-living relief.
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