UK economy grew by 0.1% in May despite impact of Iran war
The UK economy returned to growth in May, despite the impact of the Iran war on energy costs, official figures show.
Sunday, 8 November 2026
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The UK economy returned to growth in May, despite the impact of the Iran war on energy costs, official figures show.
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The UK's economy returned to growth in May after having shrunk in the previous month, the latest official data has shown.
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Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.
Inflation in the US eased last month as the cost of filling up at the pumps fell, official figures show.
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The FCA Board has appointed Dan Lavender as a new member of its Regulatory Decisions Committee (RDC).