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UK Discusses Economic Damage from Iran with Partners and Central Bank

Published March 9, 2026, 14:11
UK Discusses Economic Damage from Iran with Partners and Central Bank

The British government is in talks with international partners and its central bank to assess ways to mitigate the economic damage from the escalating crisis in Iran. The UK's borrowing costs have risen significantly, more than other European countries and the US, due to fears of rising inflation from increases in oil and gas prices. Prime Minister Keir Starmer stated that the government is working to address the impact of the war in Iran, monitoring the risk and cooperating with other countries. He emphasized that there is a price cap on energy for consumers until June and that the British economy is more resilient compared to the previous energy shock.