World Cup and hot weather help UK economy weather Iran shocks

WorldBusiness & Finance
13 Aug 2026 • 3:29 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

World Cup and hot weather help UK economy weather Iran shocks

  • UK economic growth slowed to 0.4 per cent in the second quarter of the year, down from 0.6 per cent in the first quarter.
  • Monthly GDP grew by 0.3 per cent in June, buoyed by the service sector, warm weather, and the start of the football World Cup.
  • The ongoing conflict stemming from Donald Trump's war on Iran has driven up energy costs and strained household finances.
  • Chancellor John Healey and Prime Minister Andy Burnham pledged to maintain economic resilience and deliver growth across all UK postcodes.
  • Business leaders and trade unions have urged the government to use the Autumn Budget to cut costs for firms and reform fiscal institutions.

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