Think Tank Warns UK Economy Faces £35bn Hit From Iran War
A think tank has warned that the UK economy could face a £35 billion hit and a risk of recession this year due to the potential impact of a Middle East conflict involving Iran. This economic downturn is projected even in a best-case scenario for the energy crisis.
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UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns
Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict 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’s government, a leading thinktank has warned. The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Midd...
By Richard Partington Senior economics correspondent
Read full article →Middle East energy crisis could wipe £35bn off UK economy – even in best-case scenario, think tank warns
Impact of Donald Trump’s Iran war a ‘serious blow’ to Keir Starmer’s economic hopes, Niesr said
By Kate Devlin
Read full article →Coverage Timeline
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