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Iran's conflict costs UK £70.4 billion
The study indicates that Iran's war will cause British families financial losses estimated at around £70.4 billion by the end of 2027, due to rising inflation and weak wage growth. The main reasons include increased energy costs, which will add approximately £9.8 billion to expenses, along with a decrease in real household income ranging from £1,100 to £1,300 over the next two years. This will also lead to reduced purchasing power and higher costs for bills related to utilities and energy, negatively impacting the UK's economic growth.
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