The OECD downgrades forecasts for many of the world's biggest economies due to the US-Israel war with Iran.

UK inflation stays at 3% in February as petrol prices fall and food inflation eases, before Iran war drives up global energy costs

The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran began.

British consumers are anticipating rising costs over the coming months due to the Iran war

The OECD downgrades forecasts for many of the world's biggest economies due to the US-Israel war with Iran.

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year

The U.K. is predicted to be worse hit by the Iran war than its developed market counterparts, the OECD said in its interim economic outlook on Thursday.