Britain’s economy is expected to show signs of an impact from the Iran war when official figures are released for April on Friday, with forecasts for a sharp pullback after a surprisingly strong start to the year.
The figures from the Office for National Statistics (ONS) are set to show the beginnings of a squeeze on households after the conflict sent fuel prices surging, with most economists pencilling in a 0.1% decline in output month-on-month during April in a marked reversal after the 0.3% growth seen in March.
