The impact of Donald Trump's Farage-backed war in Iran is "landing squarely in the overdrafts, mortgage repayments and living standards of British voters", campaigners have warned.
It comes after the Bank of England today held interest rates at 3.75% as well as raising its inflation forecast from 2% to as high as 3.5% in the third quarter of 2026.
The bank's decisions follow the looming energy crisis following the US strikes on Iran and the subsequent conflict in the Middle East.
Naomi Smith, Chief Executive at Best for Britain, said:
“With inflation set to skyrocket once again, the impact of Donald Trump’s ill-conceived war against Iran, backed by his good friend Nigel Farage, could not be clearer: it is already landing squarely in the overdrafts, mortgage repayments and living standards of British voters.
“Today’s news reinforces what voters already know, that there is simply no time to waste in expediting closer cooperation with our largest market, the EU, and alignment across all industrial and service sectors. This will bring down prices, ease the cost of living, and grow the economy more than any other lever in the gift of the Treasury.”