59 resultsfor “impact of Iran war on UK inflation”
UK has unexpectedly risen to 5% while wage growth has slowed, according to official figures, in the first snapshot of how companies are reacting to the impact of the Iran war. The Office for National
Iran war. Summer bookings are expected to rise in the coming weeks amid warnings of possible jet fuel shortages and resulting cancellations by airlines across [Europe](https://www.theguardian.com/world/europe-news). Raoul Fraser, the chief executive
UK economy The bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, [Rachel Reeves](https://www.theguardian.com/politics/rachel-reeves), this week to discuss how to limit the economic impact
UK have faced higher fuel costs since the US-Israel war with Iran began. Prices surged when the conflict began on 28 February, with the production and transportation of oil across the Middle East slowing
Iran could plunge the global economy into recession, with the UK set to be the hardest hit of the world's advanced economies**.** Reeves said she was "not convinced that this conflict [had] made
inflation reaching close to 20%, “we will feel the impact for years in sub-Saharan Africa and east Africa pushing way more people into poverty”.  Fletcher also warned against
inflation is less likely to become a persistent problem. However, the Bank was still waiting for any "meaningful data" or evidence on how the conflict was feeding through to the UK economy
UK government spokesperson said: "There is no assessment Iran is trying to target Europe with missiles. "But we have the military capability we need to keep Britain safe from any kind of attacks, whether
impact demand, as the bulk of their estate remains in city centre locations." Rising costs are clearly a concern for businesses and consumers. Pret's latest accounts, for 2024, show like-for-like sales were
inflation figures before making their next interest rate decision on 30 April. Economists expect the Bank to keep the base rate on hold at 3.75%. The Iran war began on 28 February, meaning the jobs
Iran war on retailers was also evident at [WH Smith](https://www.theguardian.com/business/whsmith). On Thursday, the company – which has stores in airports and railway stations – cut its profit forecast for the year ahead by about
Iran war as it forecasts rise in UK unemployment Lloyds has warned that the economic fallout from the Middle East conflict could cost it £151m amid rising unemployment and inflation and a slowdown
Iran war will make food more expensive, according to a new poll, as businesses warned the “window is closing” for ministers to cut energy costs for UK retailers. Research by Opinium found that
UK to stick to the fiscal rules which continue to shrink government borrowing faster than other major economies. The main fiscal rules limit how much the government can borrow to fund day-to-day public
war in the Middle East has added a new source of fiscal pressure to an already strained global landscape,” it said in the report. “The conflict has material global reach, disrupting energy supplies, tightening financial
Iran war has unleashed a fresh wave of inflation – with the latest data on this to come on Wednesday – and rocked business confidence. More timely employment data, using PAYE data from HMRC, suggest a more
Iran war weighing heavily on firms’ [confidence to make investment decisions](https://www.theguardian.com/business/2026/apr/23/uk-braces-for-price-rises-driven-by-iran-war-as-economic-confidence-plummets). Moreover, the widespread price rises will further pressure the [Bank of England](https://www.theguardian.com/business/bankofenglandgovernor) to raise interest rates – its main
Iran war prompted [“panic at the pumps”](https://www.theguardian.com/business/2026/apr/24/retail-sales-rise-british-motorists-petrol-diesel) and a rush to stock up amid the biggest jump in fuel prices [for more than three years](https://www.theguardian.com/business/2026/apr/22/uk-inflation-rises-soaring-fuel-prices-iran-war). The ONS said that
UK, Australia and others have condemned the killings of UN peacekeepers in [Lebanon](https://www.theguardian.com/world/lebanon) and called for an end to hostilities.** “Australia, Brazil, Canada, Colombia, Indonesia, Japan, Jordan, Sierra Leone, Switzerland
inflation. “We see plenty of condemnation but very little practical steps that mean an improvement for people in Gaza who are living in this terrible limbo.” --- **Living day to day in Iran and Lebanon** Indeed