UK economy records surprise 0.3% growth in first month of the Iran war

The Guardian World ·

UK economy records surprise 0.3% growth in first month of the Iran war

The UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the Middle East conflict has not yet affected growth as much as feared. …

The UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the Middle East conflict has not yet affected growth as much as feared. Figures from the Office for National Statistics (ONS) showed growth of 0.3% in gross domestic product (GDP) in March, from a revised 0.4% rise in February and 0% growth in January. The ONS had originally estimated that the economy grew 0.5% in February and 0.1% in January. …

Original source: The Guardian World

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UK · Hormuz · Iran war · Middle East · Keir Starmer · Rachel Reeves · Bank of England