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UK Economy Shrinks Slightly Amid Higher Fuel Prices from Iran War
New official figures show the UK economy contracted slightly amid higher fuel costs linked to the Iran war.
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The UK economy shrank slightly in the latest period, according to new official figures released on Friday. Fuel price increases tied to the Iran war reduced consumer spending and contributed to the contraction. Business and economics reporter @taaffems covered the data for SkyNews.
@SkyNews reported that the figures reflect the direct impact of elevated fuel costs on household and business outlays.
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CorroborationModerate · 1 source
