️🇬🇧🇮🇷 Financial Times: It is estimated that the Iran war created a deficit of almost 12 billion pounds in the British public finances.

️🇬🇧🇮🇷 Financial Times: It is estimated that the Iran war created a deficit of almost 12 billion pounds in the British public finances.

The figure is due to increased defense spending and emergency measures announced by the British Treasury in response to the conflict that began in early 2024.

Analysts have warned that the shortage could force cuts in public services, with the Treasury stating that the additional cost amounts to about 0.5% of GDP.