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Evening Standard
Evening Standard
Holly Williams

Economy stagnates in January ahead of Iran war and fears over UK impact

Economy Iran United Kingdom Rachel Reeves Office for National Statistics Oil Inflation Middle East GDP PA Graphics
Fuel prices are soaring (Joe Giddens/PA) - (PA Media)

Britain’s economy unexpectedly flatlined in January in an already weak start to the year ahead of the Iran conflict and worries over soaring inflation caused by rocketing oil prices.

Official figures showed zero growth in gross domestic product (GDP) in January, against expectations for output to increase by 0.2%.

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