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Iran war threatens to crush UK economy, Treasury officials warn
Treasury officials predict growth will slow to just 0.3% in 2027 if the Strait of Hormuz remains effectively closed for the rest of this year due to the ongoing conflict.
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independent.co.uk
UK economy ‘may grow by only 0.3% next year if Middle East disruption goes on’
Internal modelling from the Treasury suggests UK GDP could see growth as low as 0.3% in 2027.
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tass.com
Closing Strait of Hormuz to virtually wipe out growth in British economy in 2027 — TV
According to the analysis, the British economy could face a recession, if the Strait of Hormuz remains closed until spring
