UK Economic Growth Slows as Iran War Pushes Up Energy Prices The latest GDP figures show that the UK economy slowed down in the second quarter of this year, growing at a rate of 0. 4% – a decline from the 0.
6% seen in the previous quarter. The impact of the ongoing Iran conflict on energy prices is finally being felt, and households are not the only ones feeling the pinch.
The services sector, which accounts for most of the UK's economic activity, expanded by 0. 5% in the second quarter.