Treasury chief says wars and tariffs are harming the U.K.'s economic outlook

Britain's Treasury chief has raised concerns about the country's economic outlook, attributing the challenges to ongoing wars in Ukraine and the Middle East, as well as tariffs imposed by U.S. President Donald Trump. This situation is particularly significant as it highlights how global conflicts and trade policies can directly impact the U.K.'s economy, especially following the Labour Party's recent victory. The warning serves as a reminder of the interconnectedness of global events and their potential repercussions on national economies.