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Evening Standard
Evening Standard
Politics
Nicholas Cecil and Jonathan Prynn

Trump's Iran war wreaks economic carnage on UK with £15 billion blow to GDP and deepening cost-of-living crisis, warns OECD

OECD Iran United Kingdom Inflation GDP Rachel Reeves Britain G20

Donald Trump’s Iran war has unleashed destruction on the UK economy, a shock report warns.

The Organisation for Economic Co-Operation and Development almost halved its prediction for GDP growth in Britain this year from 1.2% in its December forecast, to just 0.7% now.

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