Government urged to encourage homes and businesses to be more efficient with their energy usage

The organization, comprised of 38 of the world’s most advanced economies, said the conflict in the Middle East was testing the "resilience of the global economy."

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

Chancellor warns UK households face ‘significant’ economic challenges as US and Israel’s war against Iran sends global financial markets and energy prices spiralling

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.

Government urged to encourage homes and businesses to be more efficient with their energy usage