Newspaper headlines: ‘UK economy takes triple hit’ and ‘Cheers, Timmy!’
“UK economy takes triple hit from Iran war,” says the i paper in its top story, rattling off International Monetary Fund (IMF) forecasts of “lower growth, fewer jobs and higher cost of living”. It suggests Britain faces a “bigger blow than any other major economy” under the impact of “Trumpflation”, as the paper describes it, in areas such as petrol, energy and mortgage costs.