Britons face a fresh cost of living crisis as the economic fallout from the Iran war, dubbed 'Trumpflation', drives up household expenses. Fuel, food, holiday, energy, and home loan prices are all expected to rise, with warnings that the weekly shop will be next.
The conflict in the Middle East has already pushed up mortgage payments, energy bills, and driving costs. Analysts predict that food bills could increase by £150 per year as the crisis deepens.
This comes after a turbulent few years for the UK economy, with many hoping for better times ahead. However, the unfolding economic storm threatens to erode household budgets further, impacting key outgoings across the board.
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