"The stronger-than-expected performance suggests the UK entered 2026 on firmer footing than previously thought, with growth driven by resilience across key sectors of the economy."
"Economists warn that escalating geopolitical tensions-particularly the fallout from the war in Iran-are likely to weigh heavily on the outlook through higher energy prices and renewed uncertainty in global markets."
"James Murray, Chief Secretary to the Treasury, said: 'Growth only happens when the economy is on solid ground.'"
"The International Monetary Fund has already sounded the alarm, warning that the UK faces the steepest downgrade among G7 economies."
Britain's economy experienced a surprising 0.5% growth in February, surpassing forecasts and indicating a stronger start to 2026. January's growth was revised to 0.1%. Key sectors contributed to this resilience, but economists caution that geopolitical tensions, especially from the Iran conflict, could dampen future growth. The IMF has downgraded the UK's growth forecast for 2026 to 0.8%, citing rising energy costs and weaker global demand as significant challenges. Questions remain about the sustainability of February's growth amid these pressures.
Read at London Business News | Londonlovesbusiness.com
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