UK Treasury Assesses Economic Impact of Iran War and Defence Budget Shortfall

UK Treasury insiders reportedly believe the economic impact of a potential Iran war may be less severe than anticipated, though the government still faces a significant £15bn deficit in its defence plans.

2 Jul, 10:21 — 2 Jul, 10:21

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The IndependentMostly Factual48d ago

Economic impact of Iran war not as big as feared, Treasury insiders will say - but Burnham still faces major defence black hole

Despite the boost, Mr Burnham is still set to face a vast number of difficult decisions, including filling a black hole in the government’s defence plans worth up to £15bn

By Millie Cooke

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UK Treasury Assesses Economic Impact of Iran War and Defence Budget Shortfall

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Economic impact of Iran war not as big as feared, Treasury insiders will say - but Burnham still faces major defence black hole

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