12-June-2026
Economy News
 
UK Economy Began to Feel Fallout From Iran War in April, Data Shows
12-Jun-2026

Britain's economy contracted by 0.1% in April, its first monthly drop since August 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. Friday's data from the Office for National Statistics (ONS) showed the first clear signs of an impact from the U.S.-Israeli war on Iran in terms of British economic growth.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-12/uk-economy-contracted-by-0-1-in-april-says-ons
 
 
 

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