Britain's economy is expected to slow to 1.1 percent in 2026

Britain's economy is expected to slow to 1.1 percent in 2026

 JUSTIN TALLIS

The UK government cut its 2026 growth forecast on Tuesday, as Britain's finance minister delivered a fiscal update overshadowed by concerns over the economic fallout from the Iran war.

The Spring Statement spending update came as the Labour government struggles to boost sluggish economic growth, now threatened further by the widening Middle East conflict pushing up energy prices.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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