War threatens outlook for UK public finances as borrowing overshoots
Higher than expected £14.3bn figure comes as Middle East turmoil raises inflation forecasts
Higher than expected £14.3bn figure comes as Middle East turmoil raises inflation forecasts

UK retail bellwether has already accounted for £15mn of additional costs from higher fuel and air freight charges

Investors risk being too complacent about war in the Middle East

Treasury yields jump in March as investors fret Middle East crisis will ignite fresh burst of inflation

Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation

Reassessing taxes and spending every six months introduces excessive policy uncertainty

Central bank warns conflict likely to hit economic growth as Keir Starmer insists UK ‘well placed’ to weather crisis