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UK Economy Set to Shrink as Iran Energy Shock Hits Growth | OilPrice.com
Economists expect the UK economy to contract in April as higher energy costs linked to the Iran conflict weigh on consumer spending, business activity, and overall growth prospects.
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cityam.com
Services industry falters as activity plummets amid Iran conflict fallout
The UK's services sector's economic activity and performance declined sharply last month as fallout from the Iran conflict continues to impact businesses, according to new figures.
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‘Correction’: UK economy to contract as ‘energy shock catches up’
Economists believe that the UK economy declined by 0.1 per cent in April. Official figures will be published on Friday.
