How the Iran War Will Determine Britain's Economic Growth

The Iran war could “halt growth” in the UK economy as the success of Andy Burnham and John Healey’s economic management largely hinges on President Trump’s decision-making, a City firm has warned. Big Four consultancy EY has said that the UK economy could perform better than first expected this year as its growth forecast was revised up to 0.9 per cent. But economists at the firm said baseline forecasts hinged on the opening up of the Strait of Hormuz, allowing around a fifth of global oil and gas supplies as…