Trumpflation: UK Households Feel Middle East War's Pinch
Trumpflation hits British households as the Middle East conflict drives up costs, from higher mortgages to pricier fuel and energy bills. Mortgage rates surge, adding £336 per year to typical loan payments. Drivers face increased fill-up costs, with rural homes hit hardest by doubling heating oil prices. Energy bills may drop in April but could rebound to pre-war levels in July. Fixed deals offer some savings options, while estate agents brace for a slow housing market. British expats in Dubai could boost London rents and prices, and holiday searches for UK spots rise as overseas travel becomes costlier. Even car insurance may increase due to pricier repair parts and inflation risks.
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