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UK economy flat-lines as Middle East conflict drives rising costs, S&P Global survey finds

By

Graham Hiscott

11d ago· 3 min readenNews
politicsbusinesseconomicsuk economy

Summary

The UK economy has flat-lined as businesses face rising costs and lower customer confidence due to the fallout from the Middle East conflict. A survey by S&P Global shows output fell for the second consecutive month, led by the service sector which accounts for about 80% of the economy. Andy Burnham has highlighted these economic struggles ahead of his potential bid for Prime Minister.

Source

bskyUK economy flat-lines as Middle East conflict drives rising costs, S&P Global survey findsmirror.co.uk

Key quotes

· 3 pulled
Latest data shows the UK economy may have flat-lined with firms feeling the financial fall-out from the Middle East conflict
The UK economy has flat-lined this month as firms face a 'litany' of cost increases due to the Middle East war, a report found.
The downturn was led by firms in the service sector - everything from banks to restaurants - that account for around 80% of the economy.
Snippet from the RSS feed
Latest data shows the UK economy may have flat-lined with firms feeling the financial fall-out from the Middle East conflict

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