Image source, Getty Images- Published27 minutes ago
The UK may have no involvement in the US-Iran war, but the country is feeling the full force of the conflict on its economy.
Soaring energy prices are set to dent growth in the short term, push up inflation and leave living standards in a "grim" place, according to the latest official forecast from the Office for Budget Responsibility (OBR).
Interest rates are also predicted to rise, making borrowing more expensive, along with government debt repayments.
