British BulletinBritish Bulletin
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
What's On

Shabir Ahmed moved from bail hostel after location posted online by user who dubbed grooming gang leader as ‘agent of Satan’

16 July 2026

Nigel Farage demands Royal Navy is beefed up immediately after Argentina’s brutal Falklands jibe at World Cup

16 July 2026

Families encouraged to claim sickness benefits by Citizens Advice to help with their bills

16 July 2026

Alex Armstrong issues ‘proud’ England defence as he slams ‘dirty’ Argentina after ‘messy’ World Cup exit

16 July 2026

Driving law changes to see new vehicle safety technologies installed in millions of cars

16 July 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
British Bulletin
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
British BulletinBritish Bulletin
Home » UK economy returns to growth in May | UK News
News

UK economy returns to growth in May | UK News

By britishbulletin.com16 July 20262 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The economy saw a strong start to the year, but growth has faltered in recent months with the conflict in the Middle East having affected some businesses.

The Iran war has pushed up oil and fuel prices, and also disrupted supply chains.

The ONS said firms in a number of sectors had flagged the conflict as affecting activity, including some manufacturing industries, hospitality firms, travel agencies and entertainment companies.

Yael Selfin, chief economist at KPMG, said the warmer weather and World Cup might have boosted consumer spending into June and July, but this “may not be enough to offset weakness across other parts of the economy”.

“The recent rise in energy prices, driven by a pick-up in tensions in the Middle East, could pose a risk to the growth outlook, with financial conditions also tightening as a result,” Selfin said.

Since hostilities resumed between the US and Iran last week, the price of oil has risen from about $72 a barrel to $84, although it remains well below the peak of around $120 seen earlier this year.

The growth in May “is not a bad welcome gift for incoming PM Andy Burnham”, said Paul Dales, chief UK economist at Capital Economics.

“But with higher energy prices still restraining real incomes, he shouldn’t get used to it.”

Responding to the latest figures, a spokesperson for the Treasury said: “We have the right economic plan which has put the UK in a much stronger position than two years ago with the fastest growth in the G7 in the first quarter and the OECD agreeing that we have restored stability.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Shabir Ahmed moved from bail hostel after location posted online by user who dubbed grooming gang leader as ‘agent of Satan’

Pakistan resists UK attempts to deport grooming gang leader Shabir Ahmed | UK News

Need To Know Manchester – Mayor or Myth: Your Thoughts and Concerns | Manchester News

Henry Nowak killer prayed for God to ‘save’ him in first recorded confession

Starmer visits Ukraine on final trip as PM to show UK’s ‘cast-iron’ support | UK News

Asylum seeker jailed after raping vulnerable man in park

Need To Know Manchester – Why can you smell smoke across Greater Manchester? | Manchester News

Dartmoor ponies saved after Natural England U-turn on culling endangered breed

Firefighters battle through the night as wildfire burns across Cairngorms National Park | UK News

Editors Picks

Nigel Farage demands Royal Navy is beefed up immediately after Argentina’s brutal Falklands jibe at World Cup

16 July 2026

Families encouraged to claim sickness benefits by Citizens Advice to help with their bills

16 July 2026

Alex Armstrong issues ‘proud’ England defence as he slams ‘dirty’ Argentina after ‘messy’ World Cup exit

16 July 2026

Driving law changes to see new vehicle safety technologies installed in millions of cars

16 July 2026

Subscribe to News

Get the latest Brittan News and Updates directly to your inbox.

Latest News

Pakistan resists UK attempts to deport grooming gang leader Shabir Ahmed | UK News

16 July 2026

Craig Gordon: Hearts, Celtic, Sunderland and Scotland goalkeeping great announces retirement

16 July 2026

Need To Know Manchester – Mayor or Myth: Your Thoughts and Concerns | Manchester News

16 July 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 British Bulletin. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.