31 resultsfor “impact of Iran war on UK inflation”
inflation figures reveal the impact of the Iran War on prices in the UK](https://i.guim.co.uk
UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war
UK inflation rate rose to 3.3% in the year to March, after the US-Israel war with Iran caused the largest jump in petrol and diesel prices in over three years. The rise from
impact of much higher inflation triggered by the Iran war and the closure of the strait of Hormuz. The International Monetary Fund [warned this month](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices) that the UK
Iran war continues Interest rates are expected to be held at 3.75% by the Bank of England, with uncertainty dominating the UK and global economies. Analysts are widely predicting the benchmark rate will be left
UK economy is “particularly badly exposed to the Iran shock as a big energy importer with weakly anchored inflation expectations and an already soft labour market”. For many people still recovering from the energy inflation
Iran war on 28 February. Venkatakrishnan warned of a broader impact of the rise in energy prices if the war dragged on. “Higher oil prices and the longer they go on will have an impact
Iran war is bad news for the global economy. But for some countries, the unfolding conflict is having a bigger impact than for others. The [International Monetary Fund’s verdict](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices) is that
Iran war could trigger a global recession](https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices) that would affect the UK more than any of the other G7 nations. “We are a net importer of gas which does mean
impact of Iran war, thinktank warns Britain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer
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
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