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David Lynch

Chancellor warns of tough Budget because of economic impact of Iran war

John Healey Budget United States Iran Rachel Reeves United Kingdom FT

Chancellor of the Exchequer John Healey (Yui Mok/PA) - (PA Wire)

The Chancellor has warned that the Budget in the autumn could be tough, as US President Donald Trump’s war in the Middle East affects the British economy.

John Healey issued the warning amid the leap in Government borrowing earlier this week, reflecting concerns among lenders about the inflationary impact of the US’s war with Iran.

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