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Britain's war economy hits households, businesses

Britain's accelerating militarization is placing growing pressure on its economy.

1 min read

Sara Vivacqua

Press TV, London

Britain's accelerating militarization is placing growing pressure on its economy.

As the US-Israeli war on Iran drives up energy prices, the Bank of England has raised interest rates, increasing borrowing costs for British households. Meanwhile, the government is expanding military expenditure and awarding public contracts to companies linked to Israel's settlements.