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Economics2h 25m ago

The UK economy contracted by 0.1 percent in April, the first decline in eight months, as an early sign of the impact of the war in Iran.

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London, UK

Who
Keir Starmer, Office for National Statistics (ONS), Rachel Reeves, Bank of England (BOE), Andrew Bailey, Fergus Jimenez-England, Donald Trump
What
The UK economy contracted by 0.1 percent in April, the first decline in eight months, as an early sign of the impact of the war in Iran.
When
Fri, 12 Jun 2026 07:49:00 GMT · 2h 25m ago
Where
London, UK ·
Why
The war in Iran triggered higher energy costs and borrowing rates, and led to the cancellation of sporting events in the Middle East, impacting various UK economic sectors.
The Frontline Impact

How this affects you

The contraction of the UK economy and the slowdown caused by the Iran war add pressure on Prime Minister Keir Starmer and may influence Bank of England policymakers' decisions on interest rates, potentially leading to a more challenging economic outlook for British households and businesses due to sustained high energy costs.

Story chain

5 events in this thread
  1. Economics44m ago
    Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025.
    Open article
  2. Economics45m ago
    Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025, as the Iran war's cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a blow to the British entertainment industry.
    Open article
  3. Economics1h 30m ago
    The British public's expectations for inflation in the long term rose to a record high last month.
    Open article
  4. Economics1h 30m ago
    The British public's expectations for inflation in the long term rose to a record high last month after the U.S.-Israeli war on Iran sent energy prices soaring.
    Open article
  5. Currently Reading2h 25m ago
    The UK economy contracted by 0.1 percent in April, the first decline in eight months, as an early sign of the impact of the war in Iran.

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