UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’ Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran war keeps oil prices and inflation high. The National Institute of Economic and Social Research (NIESR) said the new prime minister faced a “challenging inheritance” and his plans to revamp public services would meet severe pressure from persistently higher prices. Continue reading...

This story was reported by Politics | The Guardian. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at Politics | The Guardian →

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

More from Politics

UK Green Party leader faces police inquiry after sharing guillotine image

Europe on track for worst wildfire season as burned area reaches size of Luxembourg

Suddenly the British right feels a political chill. It’s getting cold in Andy Burnham’s shadow | Rafael Behr

AI tool will lead to more child refugees being treated as adults, charity warns

‘Farage’s got to come clean or clear off’: what voters on Clacton beach think about their MP – and the country

Burnham invites Tories and Lib Dems to social care talks