NIESR

2 articles

Analysts Warn UK Budget Faces Difficult Trade-offs Amidst Iran War Oil Price Surge

NIESR warns the UK government faces severe budget pressures due to high oil prices and inflation driven by the Iran conflict. The thinktank predicts inflation could peak at 3.8% in early 2027, forcing

theguardian · 2026-07-29 07:01

Protracted Iran War Risks Pushing UK Into Recession, NIESR Says

NIESR warns the UK risks recession and rate hikes if Middle East conflict closes the Strait of Hormuz, pushing oil prices to $140/barrel and inflation over 5%. The BOE may raise rates by 150 basis poi

bloomberg · 2026-04-28 16:01