News · 14 April 2026
Why Britain Is Paying the Biggest Price for Iran War
The UK economy faces the hardest hit among G7 nations from the Iran war's energy price shock. The IMF cut its 2026 UK growth forecast from 1.3% to 0.8%, citing surging natural gas prices and fewer expected Bank of England rate cuts. This marks the largest downgrade of any G7 economy, leaving the UK bottom of the group on a per capita basis.
Reported by BBC · How we write briefs