Trump’s Iran war will make next month’s Budget more difficult, admits cabinet minister Bridget Phillipson

LABOUR chair Bridget Phillipson warned today that Donald Trump’s war with Iran will bring “very real challenges” to next month’s Budget.

The cabinet minister said the US president’s military campaign has caused significant inflationary pressures and would make life more difficult for Chancellor John Healey.

She said the economy was “in a strong position” but that there are “very real challenges” with the conflict in the Middle East and its impact on businesses and families in Britain.