The growing conflict involving Iran is no longer being viewed as just a geopolitical crisis happening thousands of miles away. Economists and financial experts are now warning that the war could soon begin affecting the daily lives of millions of ordinary people through rising mortgages, higher energy bills, more expensive food, and even job losses. Based on new warnings from the Bank of England, the economic consequences could become increasingly painful over the coming months.
One of the biggest concerns is interest rates.
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