One look at the news right now is enough to make your palms start sweating. Aside from the horrifying violence of war and the human cost it incurs, headlines are saturated with warnings of impending financial doom as the fallout from the Iran war adds to the pressure on Keir Starmer’s government.
The UK economy is set for a £35bn hit from the Middle East energy crisis and could enter a recession this year if the crisis drags on, one think tank has warned. Meanwhile, another alarming report has predicted that a quarter of a million people will lose their jobs by the middle of 2027, should the UK’s economy flatline. Factor in a predicted surge in interest rates and the cost of living, and the dark clouds gathering are only getting darker.
