How will the UK economy be hit by Iran war? | BBC News

Today, after a week of warning’s from the government over the financial impact of the war in Iran - is the reality starting to hit home? Adam, Chris and Faisal are joined by Ailbhe Rea, Political Editor of the New Statesman, to discuss how the financial effects could be felt all over the country? It comes after the Bank of England warns interest rates could rise this year following a “significant energy price shock”. And, with economic uncertainty looking set to continue - could this put off Labour MPs from launching a challenge to Keir Starmer? 00:40 – Golders Green Attacks 04:31 – Starmer vs Political Gossip 05:39 – Iran War & its Economic Impact 06:21 – Inflation & Economic Warning Signs 07:24 – Gulf Shipping Crisis 08:19 – Supply Chains & Oil Prices 10:07 – Duration of the Economic Shock 11:45 – Government Messaging Shift 12:50 – Inflation & Interest Rate Risks 20:03 – Labour Leadership Tensions Subscribe to our channel here: https://bbc.in/bbcnews For the latest news download the BBC News app or visit BBC.com/news #BBCNews

Added 2 May 2026