Bank of England Warns 1.3M UK Households Face Higher Mortgage Costs Due to Iran Conflict

Approximately 1.3 million UK households are at risk of increased mortgage payments amid the deteriorating economic outlook linked to Iran's ongoing conflict. The Bank of England's Financial Stability Report highlights potential financial strain for consumers, prompting policymakers to monitor inflation and interest rates closely. Next steps include assessing government support measures and the impact on housing affordability.