UK economy shrank by 0.1% in April as Iran war held back growth
GDP hit by higher energy prices caused by Middle East conflict, after 3% rise in March The UK economy contracted by 0.1% in April as the Iran war began to take its toll on growth, official figures show. As energy prices have risen as a result of the conflict, after Iran closed off the strait of Hormuz – a key shipping route for global trade – the UK’s strong expansion in the first quarter had been expected to slide into reverse. Continue reading...
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The data will underline fears that the UK economy will contract in the second quarter of the year. Photograph: Bloomberg/GettyView image in fullscreenThe data will underline fears that the UK economy will contract in the second quarter of the year. Photograph: Bloomberg/GettyEconomic growth (GDP)UK economy shrank by 0.1% in April as Iran war held back growthGDP hit by higher energy prices caused by Middle East conflict, after 3% rise in MarchHeather Stewart Economics editor Fri 12 Jun 2026 02.31 EDTFirst published on Fri 12 Jun 2026 02.02 EDTSharePrefer the Guardian on GoogleThe UK economy contracted by 0.1% in April as the Iran war began to take its toll on growth, official figures show.As energy prices have risen as a result of the conflict, after Iran closed off the strait of Hormuz –…
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