Iran war blows near-£12bn hole in Britain’s public finances

The escalating tensions in the Middle East have significantly impacted Britain's public finances, with estimates suggesting the conflict could lead to a nearly £12 billion deficit. The Financial Times reports that inflation and increased borrowing costs have halved Chancellor John Healey's financial maneuvering space. This situation underscores the broader implications for economic stability and the strain on public resources amid global geopolitical strife. For more details, check out the full article.