UK households will take £2,400 financial hit from Iran war, analysis shows
Analysis from the Centre for Economics and Business Research suggests that the ongoing conflict in the Middle East will cost the average UK household £2,400 by 2027. The financial strain is attributed to persistent inflation and wage stagnation caused by energy market instability.
Why it matters
It illustrates how geopolitical conflicts directly impact the cost of living and economic stability for citizens in distant nations.
‘Until energy markets calm, the squeeze will persist’ on UK households, says the CEBR consultancy. ‘Until energy markets calm, the squeeze will persist’ on UK households, says the CEBR consultancy. UK cost of living crisis UK households will take £2,400 financial hit from Iran war, analysis shows Centre for Economics and Business Research calculates effect of inflation and wage stagnation to end of 2027
Prefer the Guardian on Google UK households will have suffered a £2,400 financial hit, on average, from the Iran war by the end of 2027, new analysis shows.
The Centre for Economics and Business Research (CEBR) has calculated that the jump in inflation since the conflict began, and weaker wage growth, will knock £1,100 off the real income of the average UK household in 2026, and by a further £1,300 in 2027.
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