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UK ministers begin contingency planning amid economic fears over Iran war (www.theguardian.com)

submitted 1 day ago by Powderhorn@beehaw.org to c/news@beehaw.org

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Donald Trump has branded the UK and other Nato allies “cowards” but anger is growing among cabinet ministers that his war in Iran could jeopardise Britain’s fragile finances.

Senior members of the government are in despair about the potential effects on the economy, with experts warning of higher energy prices and mortgage and borrowing costs.

They have already begun contingency planning in case the conflict is protracted, including considering lowering speed limits to minimise fuel consumption.

With the conflict continuing to escalate, the UK confirmed it was authorising the use of British military bases to strike Iranian missile launchers that are targeting commercial ships in the strait of Hormuz. Previously, UK bases were only being used to strike Iranian sites targeting British allies and interests in Gulf states.

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