Iran conflict 'will cost UK 163,000 jobs' |
| The UK is set to lose 163,000 jobs this year due to rising energy costs linked to the Iran war, according to the ITEM Club. The manufacturing sector will bear the brunt, with 65,000 jobs at risk, while construction will see 32,500 positions vanish. Consumer confidence is plummeting, with 90% of households worried about living costs. Tim Lyne, economic adviser to the ITEM Club, commented: "Some of the lowest-income regions will feel the biggest effects." Only public sector jobs, particularly in healthcare, are expected to grow. A government spokesman said: "We have the right economic plan to deal with price rises caused by the war." |
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