Ministers should implement a series of measures – including lower speed limits on the roads – to prevent Donald Trump’s war on Iran causing long-term damage to the UK economy, a Labour-linked think tank has said.
Modelling by the Institute for Public Policy Research (IPPR) suggests inflation could rise to 5.8 per cent if the conflict in the Middle East continues, costing the Treasury up to £8bn a year in higher debt interest payments and slashed tax revenues.
