RE: Brent crude26 Mar 2026 20:08
Middle East conflict will damage UK’s economy ‘more than any other’The forecast 0.5 percentage point cut in UK growth compares with expectations of a much more limited reduction in growth for France, Germany and Italy, which were more insulated from spiralling energy prices and are all expected to suffer a more modest hit to growth of 0.2 percentage points.
Noting a weakening of the UK jobs market and a contraction in business investment towards the end of 2025, the OECD attributed the downgrade to a lack of momentum going into 2026 as well as the shock from rising oil and gas prices as a result of the US-Israel attacks on Iran....