The chancellor’s spring forecast reveals UK growth is expected to be weaker in 2026 – but events in the Middle East could mean an even bigger economic shockwave.
Sky’s Ed Conway says that by historical standards, the Office for Budget Responsibility’s UK growth forecast for the next few years is "not that great" – and that’s before the impact of the current chaos in the Middle East is taken into account.
Gas prices have soared by 93% since the start of conflict with Iran’s effective closure of a key shipping route spooking investors and traders.
Read more: https://news.sky.com/story/politics-latest-mandelson-starmer-labour-farage-badenoch-12593360
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