Starmer issues warning about Iran war’s impact on UK economy

Oil prices mean Starmer must raise tax or face recession

In every major economy, finance ministers are asking the same question: how high can oil prices go, and how long can they be sustained, before recession becomes inevitable? This time last week, energy markets were pricing in a scenario in which the attacks on Iran by the US and Israel would be followed by a relatively short conflict. But after a week of retaliatory strikes by Iran on energy infrastructure in other Gulf states, and the choice of …

UK tries to limit economic hit from Iran as borrowing costs jump

The British government ​is talking to international partners and its central bank to assess ways to limit economic damage ‌from the escalating Iranian crisis, Prime Minister Keir Starmer said on Monday, warning a prolonged crisis could be painful.

UK PM Starmer says 'monitoring' economic impact of Iran war

British Prime Minister Keir Starmer said Monday the government was monitoring the economic fallout of the US and Israel's war in Iran, as energy prices soared due to supply disruptions.

Keir Starmer warns of impact of Iran conflict on UK economy

The prime minister was speaking as oil prices soar in response to turbulence in the Middle East.

UK tries to limit economic hit from Iran as borrowing costs jump

LONDON, March 9 - The British government is talking to international partners and its central bank to assess ways to limit economic damage from the escalating Iranian crisis, Prime Minister Keir Starmer said on Monday, warning a prolonged crisis could be painful. Read more at straitstimes.com.

Starmer warns Trump’s war on Iran will rock UK economy

The prime minister has insisted the economy is resilient enough to absorb the hit but admitted the impact could be felt on ‘the lives and households of everybody’