Stay up to date with notifications from The Independent Notifications can be managed in browser preferences. All News Sport Culture Lifestyle Starmer warns Iran’s attempts to destabilise British society ‘will not be tolerated’ A Labour -linked think tank, the Institute for Public Policy Research (IPPR), warns that the ongoing conflict in the Middle East could significantly damage the UK economy. Modelling suggests inflation could soar to 5.8 per cent, potentially costing the Treasury up to £8bn annually through higher debt interest payments and reduced tax revenues. The IPPR recommends a series of measures, including a temporary £2,000 energy price cap, a 10p cut in fuel duty, and lower speed limits to curb energy demand. They also propose targeted, progressive taxes, such as a strengthened windfall tax on energy profits, to offset the costs of these interventions.…