Reeves warned Iran war oil shock will lead to government borrowing spike

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Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war as the Office for Budget Responsibility admitted it had underestimated the effects of the last energy price shock.

In a review of its forecasting models, the OBR suggested it had learned lessons from Russia’s full-scale https://www.cityam.com/reeves-warned-iran-war-oil-shock-will-lead-to-government-borrowing-spike/">[...]