The US-Iran war is set to deal a severe financial blow to UK families, cutting into average household spending power by £2,400 over the next two years.
According to new analysis by the Centre for Economics and Business Research (CEBR), a combination of surging inflation and sluggish wage growth is estimated to knock £1,100 off average real household incomes in 2026, followed by an additional £1,300 loss in 2027.
