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The Guardian - UK

Business

Heather Stewart

UK economic growth slows down as Iran war pushes up energy prices

Economic Growth Iran United Kingdom GDP

Someone walking past the Bank of England, which has scaffolding in front of it — The latest GDP data suggests continued high energy prices are starting to weigh on growth. Photograph: Tolga Akmen/EPA

Economic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran war began to take its toll, official figures show.

The Office for National Statistics (ONS) said GDP expanded by 0.4% in the three months to June, down from 0.6% in the first quarter, in line with City economists’ expectations.

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