A Fiscal Watchdog Flags the Iran War's Risk to Spending Plans

The Institute for Fiscal Studies says the impact of the Iran war poses significant risks for the government's spending plans, BBC Business reports. Wars are usually reported as they are fought; their fiscal reach is the slower story, arriving later as costs, prices and borrowing conditions that a budget was written before. A fiscal watchdog naming that risk is an early signal that a set of spending plans may need revising, long before any of it shows up in a headline about the fighting itself.