How Trump's failed war in Iran screwed Britain
The Bank of England Monetary Policy Report might sound like a dry and dusty economic report - and often it is - but today's made for truly shocking reading for Britain.
Its analysis shows living standards are already falling and, as a result of Trump's war in Iran, inflation could go above 6%, and as many as six rises in interest rates might be needed by the end of this year. That would mean rocketing mortgages, eye-watering increases in food prices, and job layoffs with the UK economy stunned by the fallout from Trump's war with Iran. Is there any sense of a way out of this mess from the…
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