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What's happening to the UK economy and how does it affect you?

prediction for how much the UK's economy would grow across 2026 from 1.4% to to 1.1%. However, this forecast was also made before the start of the war began. In April, the International Monetary

Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says

recession in the middle of this year. “Consumers’ spending power will be squeezed, while more expensive financing arrangements and a less certain global economic backdrop will pour cold water on companies’ investment plans.” Last week

'Bit of pain' worth long-term security from Iran, Bessent tells BBC

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

How the Iran war is hitting the UK

recession or military involvement. Thomas Pugh, chief economist at the consulting firm RSM UK, said: “The Strait of Hormuz has effectively been shut since early March. The International Energy Agency called it the largest supply

Reeves says ‘if economy ain’t broke, don’t fix it’ - as fight to keep her job goes on

2026, the economy grew by 0.6%, up sharply from growth of 0.1% in the final three months of last year. At that pace Britain is now the fastest growing economy

When will Strait of Hormuz be ‘safe’ for commercial shipping again?

recession. About 2,000 ships remain stranded in the Gulf, waiting to be allowed through. But even if the strait is reopened to all traffic, there will still be obstacles to shipping. The United States