The London Rush

UK Living Standards to Slide in Setback to Starmer’s Growth Vow

Iran war to hit British living standards; GSK follows oncology rivals’ playbook
Photographer: Chris Ratcliffe/Bloomberg
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Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories.

War in Iran may derail a recovery in British living standards, hitting incomes and business confidence. Not just a blow to households, but also to Keir Starmer’s promise of boosting living standards over the parliamentary term.