The UK's economic growth for 2026 has been cut by 0.5 percent from previous forecasts made before the start of the Iran War. Furthermore, headline inflation is anticipated to be 1.5 percent higher than expected, largely driven by rising energy costs, with core inflation (inflation less food and energy) actually rising at a slightly slower pace.Â
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OECD. (March 26, 2026). Percentage change in selected key economic indicators compared with forecasts before the Iran War for the United Kingdom for 2026 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 20, 2026, from /statistics/1660407/uk-iran-war-economic-impact/
OECD. "Percentage change in selected key economic indicators compared with forecasts before the Iran War for the United Kingdom for 2026." Chart. March 26, 2026. ÌÇÐÄÆÆ½â°æ. Accessed July 20, 2026. /statistics/1660407/uk-iran-war-economic-impact/
OECD. (2026). Percentage change in selected key economic indicators compared with forecasts before the Iran War for the United Kingdom for 2026. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 20, 2026. /statistics/1660407/uk-iran-war-economic-impact/
OECD. "Percentage Change in Selected Key Economic Indicators Compared with Forecasts before The Iran War for The United Kingdom for 2026." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 26 Mar 2026, /statistics/1660407/uk-iran-war-economic-impact/
OECD, Percentage change in selected key economic indicators compared with forecasts before the Iran War for the United Kingdom for 2026 ÌÇÐÄÆÆ½â°æ, /statistics/1660407/uk-iran-war-economic-impact/ (last visited July 20, 2026)
Percentage change in selected key economic indicators compared with forecasts before the Iran War for the United Kingdom for 2026 [Graph], OECD, March 26, 2026. [Online]. Available: /statistics/1660407/uk-iran-war-economic-impact/