Centre for Economics and Business Research calculates effect of inflation and wage stagnation to end of 2027

UK households will have suffered a £2,400 financial hit, on average, from the Iran war by the end of 2027, new analysis shows.

The Centre for Economics and Business Research (CEBR) has calculated that the jump in inflation since the conflict began, and weaker wage growth, will knock £1,100 off the real income of the average UK household in 2026, and by a further £1,300 in 2027.

As one of Europe’s biggest consumers of gas the UK may be particularly exposed to heightened price volatility

Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy traders, experts have warned.

The EU’s gas stocks were 63% full in the last week of August, well below the 80% average for late August over recent years and among the lowest levels ever recorded for this time of year.

As one of Europe’s biggest consumers of gas the UK may be particularly exposed to heightened price volatility

Europe is on course to enter the cooler months with gas stores at their lowest level in 13 years, which has triggered “winter panic” among energy traders, experts have warned.

The EU’s gas stocks were 63% full in the last week of August, well below the 80% average for late August over recent years and among the lowest levels ever recorded for this time of year.