Britain faces a projected loss of 163,000 jobs this year, with lower-income regions set to bear the brunt of the economic fallout from the Iran war, a new report warns. The Item Club’s latest regional outlook highlights South Wales and the Humber, two of the UK’s most economically vulnerable areas, as those most likely to endure severe job market difficulties over the coming year. These regions, heavily reliant on manufacturing and construction, are particularly susceptible to the sharp energy price increases and supply chain disruptions stemming from the Middle East conflict. The report forecasts job reductions of 5,700 in South Wales and 2,800 in the Humber by 2026. Tim Lyne, economic adviser to the Item Club, explained: "Some of the lowest income regions will feel the biggest effects of the manufacturing and construction sectors reducing headcount in the face of rising energy prices and supply chain disruption.…