UK economic growth slows down as Iran war pushes up energy prices
“Hotter weather saw consumers ramp up spending. But the headline figures shouldn’t disguise the cocktail of cost pressures choking long-term business growth.”Inflation figures for July will be published next week and are expected to show a higher reading than June’s 2.6%, reflecting rising utility bills.
- ▪“Hotter weather saw consumers ramp up spending.
- ▪But the headline figures shouldn’t disguise the cocktail of cost pressures choking long-term business growth.”Inflation figures for July will be published next week and are expected to show a higher reading than June’s 2.6%, reflecting risi
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| Original publisher | the Guardian |
| Canonical URL | https://www.theguardian.com/business/2026/aug/13/uk-economic-growth-slows-iran-war-energy-prices-gdp-ons |
| Publication time | Thu, 13 Aug 2026 06:59:58 GMT |
| Retrieval time | 2026-08-13T07:30:48.302Z |
| Last seen | 2026-08-13T07:30:48.302Z |
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| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
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The latest GDP data suggests continued high energy prices are starting to weigh on growth Photograph: Marcin Rogozinski/AlamyView image in fullscreenThe latest GDP data suggests continued high energy prices are starting to weigh on growth Photograph: Marcin Rogozinski/AlamyEconomic growth (GDP)UK economic growth slows down as Iran war pushes up energy pricesGDP expanded by 0.4% in three months to June, but analysts warn growth is ‘likely to fade’ Business live – latest updates Heather StewartThu 13 Aug 2026 02.59 EDTFirst published on Thu 13 Aug 2026 02.01 EDTSharePrefer the Guardian on GoogleEconomic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran war began to take its toll, official figures show.The Office for National Statistics (ONS) said GDP…
Excerpt limited to ~120 words for fair-use compliance. The full article is at the Guardian.