OBR warns UK economy could face ‘very significant’ hit from Iran war
Britain’s economy could face a “very significant” hit from the war in Iran, the UK’s official forecaster warned on Tuesday, as the conflict threatened to derail chancellor Rachel Reeves’ promise to deliver “stability”. Against a backdrop of market turmoil, the Office for Budget Responsibility downgraded Britain’s growth forecast to 1.1 per cent in 2026 but … Read more