Treasurer to bank tax windfall from Iran war in federal budget
The extra tax revenue generated by the Iran war will be saved in its entirety, as the government…
Trump’s Iran showdown is becoming Europe’s political nightmare – POLITICO
“Energy costs are cascading into food, transport and housing, hitting lower- and middle-income households hardest,” Seamus Boland, president…
EU attempts to outmaneuver Iran rollercoaster with emergency energy plan – POLITICO
Coordination is also an issue. While groups are regularly convened to discuss supply issues, most real coordination takes…
French budget faces €4B in cuts as Iran war hampers growth – POLITICO
To offset those unexpected outlays, the government plans to freeze €4 billion worth of expenditures this year and…
Iran war risks private credit crisis and AI bubble bursting, Bank of England warns – POLITICO
“A tightening of supply could also affect relatively more resilient borrowers reliant on private-market finance, including UK corporates,…
US debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war
President Donald Trump’s war on Iran is colliding with U.S. debt investors, who demonstrated less appetite for Treasury…
Reeves signals no Truss-style energy bailout for Brits hit by Iran shock – POLITICO
Reeves said that, while the full impact of the crisis is not yet known, “the challenges may be…
Iran shock puts Starmer’s economic comeback on ice – POLITICO
For Starmer’s government — headed for potentially brutal local elections in May — the crisis in the Gulf…