Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict
Britain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer’s government, a leading thinktank has warned.
The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle East conflict.
Continue reading...
TH
Source
This article was originally published by The Guardian and written by Richard Partington Senior economics correspondent.
Read original article on The Guardian