'I don't want the children to see how worried we are': UK family finances hit by Iran war
UK families report financial strain due to Iran war, with parents hiding worry from children.
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naomi in chorley used to fill up the family van without thinking. now it costs nearly £130 a tank. her 10-year-old daughter riziah needs regular hospital trips 30 miles away in liverpool. since the war started on 28 february, the family is spending about £30 extra a week on diesel.
the strait of hormuz is effectively closed. iran threatened shipping in retaliation for us and israeli strikes. a fifth of the world's oil normally moves through that waterway. the supply squeeze pushed up international oil and gas prices, which feeds through to uk petrol pumps and household energy bills.
naomi also worries about her home energy bills rising later this year. riziah relies on medical devices that use extra electricity, and the house must stay warm year-round. cornwall insight predicts the price cap will hit £1,843 a year for a typical household — up roughly £200.
uk inflation rose to 3.3% in the year to march, up from 3% in february, after the war caused the biggest jump in petrol and diesel prices in over three years. mortgage rates are rising sharply too. iona in mansfield currently pays £720 a month for her three-bedroom house. when her fixed rate expires in september, that will jump to £1,020.
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