MINISTERS faced calls to strengthen the energy windfall tax and reduce speed limits today after experts warned that the Iran war could cost the Treasury up to £8 billion a year.New modelling from the Institute for Public Policy Research (IPPR) predicted that inflation could rise to 5.8 per cent while real GDP growth falls to 0.3 per cent should there be a prolonged stalemate in the Middle East conflict.

MINISTERS faced calls to strengthen the energy windfall tax and reduce speed limits today after experts warned that the Iran war could cost the Treasury up to £8 billion a year.

New modelling from the Institute for Public Policy Research (IPPR) predicted that inflation could rise to 5.8 per cent while real GDP growth falls to 0.3 per cent should there be a prolonged stalemate in the Middle East conflict.

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