April 29, 2026

Brief: UK set to suffer £35bn hit from Iran war as growth downgraded again

The UK economy could be suffer from a recession, a surge in inflation and a period of multiple interest rate hikes, a new report has warned.

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Breaking Update (April 29, 2026): UK set to suffer £35bn hit from Iran war as growth downgraded again

In developing news, The UK economy could be suffer from a recession, a surge in inflation and a period of multiple interest rate hikes, a new report has warned. This story is continuing to evolve.

What We Know

  • Story developing as of 03:10 AM ET
  • First reported by News Source
  • Topic: Trending News

Source

Full report: News Source


Curated by Goviral News. Original: News Source.