UK cost of living crisis – War Watch

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UK ministers begin contingency planning amid fears for economic effects of Iran war
ByRowena Mason, Heather Stewart, Gwyn Topham and Jessica Elgot March 20, 2026

Britain authorises use of military bases to strike Iranian missile launchers that target shipping in strait of HormuzPresident Trump branded the UK and other Nato allies “cowards” on Friday amid growing anger among cabinet ministers that his war in Ira…

Read More UK ministers begin contingency planning amid fears for economic effects of Iran war
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Labour has weapons in its arsenal to cushion the poorest from Iran war economic fallout | Heather Stewart
ByHeather Stewart March 15, 2026

Timely end of two-child limit plus a healthy uptick in universal credit signals ‘lifechanging’ boost to Britons most exposed to ‘Trumpflation’It doesn’t involve warships, drones or strategic oil stocks, but one of Labour’s most potent weapons for conta…

Read More Labour has weapons in its arsenal to cushion the poorest from Iran war economic fallout | Heather Stewart
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How the Iran conflict could affect prices around the world – video explainer
ByAcacia Redding, Maheen Sadiq and Jillian Ambrose March 10, 2026

Oil markets have had some of the steepest price rises ever recorded as conflict in the Middle East escalated over the last week. Although the world is slowly becoming greener, fossil fuels are still the lifeblood of every economy so when oil and gas pr…

Read More How the Iran conflict could affect prices around the world – video explainer
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HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis
ByRupert Jones March 5, 2026March 5, 2026

Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest ratesHSBC, Nationwide and Coventry building societies are the first big UK lenders to announce an increase in rates on their fixed mortgage dea…

Read More HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis
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Globalisation is under threat from Iran war – and Britain is uniquely vulnerable
ByJames Meadway March 5, 2026

Economic ripples from US-Israel attacks will soon become waves, engulfing everything from energy prices to foodIn retaliation for the US-Israeli missile attacks, Iran has launched what amounts to all-out economic warfare. Should the conflict continue e…

Read More Globalisation is under threat from Iran war – and Britain is uniquely vulnerable