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UK economy shrinks as Iran war impacts businesses

Jun 12, 2026, 8:14 AM10
(Update: Jun 12, 2026, 8:14 AM)
country in Western Asia
country in north-west Europe

UK economy shrinks as Iran war impacts businesses

  • The UK economy contracted by 0.1% in April 2026, the first decline since August 2025.
  • The Iran war has raised costs for businesses and affected consumer spending.
  • Analysts predict ongoing economic challenges and a potential slowdown in growth.
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