UK economy saw zero growth in January ahead of Iran war
Analysts had been expecting 0.2% growth for the UK economy at the beginning of the year.
Coverage by Political Leaning
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Notable Quotes
"The longer the war lasts, the more likely it is that there will be an effect on the UK economy."
— Sir Keir Starmer , Politician
"Our economic plan is the right one, but I know there is more to do."
— Rachel Reeves , Politician
"Labour's 'economic mismanagement' had left the UK vulnerable to the Iran war's potential ramifications."
— Sir Mel Stride , Politician
"The UK economy started the year on the back foot and activity is expected to weaken further amid sharply rising energy prices."
— Yael Selfin , Executive
Key People
Chancellor who announced guaranteed paid work placements for youth.
Leader of the Labour Party and Member of Parliament for Holborn and St Pancras.
Sir Mel Stride is the Shadow Chancellor of the Exchequer.
Chief economist at KPMG UK.
Locations
All Coverage
Analysts had been expecting 0.2% growth for the UK economy at the beginning of the year.
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