Anonymous21 days ago
New ONS data released on March 13 reveals that the UK economy recorded zero growth in January 2026, with GDP essentially flat since mid-2025 — even before the US-Israel war on Iran triggered a major energy price shock beginning in late February. The stagnation, compounded by rising oil prices that have surged past $95 per barrel and a potential 1% addition to inflation from the conflict, leaves Chancellor Rachel Reeves navigating the tightest fiscal margin of any major Western economy at the worst possible moment.