UK economy set to stagnate as Iran war and high energy costs hold back growth
Chancellor Rachel Reeves commented on the impact, stating it was "not a war we wanted or joined, but one that will have an impact at home"
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Summary
Chancellor Rachel Reeves commented on the impact, stating it was "not a war we wanted or joined, but one that will have an impact at home". The Office for National Statistics (ONS) will publish May’s gross domestic product ( GDP ) figures on Thursday. Pantheon Macroeconomics anticipates a mixed performance across different parts of the economy, noting that energy supply subsectors have been lifted by elevated oil prices.
Furthermore, "The UK’s share of European imports has fallen since 2016, business investment has lagged the US, and inward direct investment has weakened. April saw output shrink by 0.1 per cent, representing the first decline since August 2025 and a marked slowdown from the 0.3 per cent expansion recorded in March. Deutsche Bank said it was expecting GDP to have declined by 0.1 per cent in May in a more downbeat outlook for the economy.
In addition, Surging fuel and energy costs squeezed businesses and households through April and May, though wholesale prices have recently eased. "I don't know what this referee is doing here," Freuler added. The referee shouldn't have given the Argentinian a yellow card in that situation.
Moreover, The official then cautioned Embolo for the offence, before brandishing a red card with the forward having already been booked in the first half.
Cross-referenced from 8 sources across 3 countries and 2 languages.
Factual coreconfirmed by several independent voices
Chancellor Rachel Reeves commented on the impact, stating it was "not a war we wanted or joined, but one that will have an impact at home".
reliability moderate2/2 sourcesThe Office for National Statistics (ONS) will publish May’s gross domestic product ( GDP ) figures on Thursday.
reliability moderate2/2 sourcesPantheon Macroeconomics anticipates a mixed performance across different parts of the economy, noting that energy supply subsectors have been lifted by elevated oil prices.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
"The UK’s share of European imports has fallen since 2016, business investment has lagged the US, and inward direct investment has weakened.
according to GB News – PoliticsApril saw output shrink by 0.1 per cent, representing the first decline since August 2025 and a marked slowdown from the 0.3 per cent expansion recorded in March.
according to GB News – PoliticsDeutsche Bank said it was expecting GDP to have declined by 0.1 per cent in May in a more downbeat outlook for the economy.
according to The Independent - UK NewsSurging fuel and energy costs squeezed businesses and households through April and May, though wholesale prices have recently eased.
according to The Independent - UK NewsAnd now Switzerland are furious too.
according to The Mirror +2"I don't know what this referee is doing here," Freuler added.
according to The MirrorThe referee shouldn't have given the Argentinian a yellow card in that situation.
according to Daily Mail +1The official then cautioned Embolo for the offence, before brandishing a red card with the forward having already been booked in the first half.
according to Daily Mail +1
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Chancellor Rachel Reeves commented on the impact, stating it was "not a war we wanted or joined, but one that will have an impact at home".
omitted byCenterPublic / Agenciescovered byLeft sideRight sideThe Office for National Statistics (ONS) will publish May’s gross domestic product ( GDP ) figures on Thursday.
omitted byCenterPublic / Agenciescovered byLeft sideRight sidePantheon Macroeconomics anticipates a mixed performance across different parts of the economy, noting that energy supply subsectors have…
omitted byCenterPublic / Agenciescovered byLeft sideRight side
