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The Independent UK
The Independent UK
Maryam Zakir-Hussain

Chancellor warns of tough Budget as Iran war puts strain on economy

The upcoming autumn Budget is expected to be tough, the chancellor has warned, as the US-Iran war continues to damage the economy.

John Healey issued the warning following a leap in government borrowing earlier this week, reflecting concerns among lenders about the inflationary impact of Donald Trump’s war with Iran.

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