UK borrows more than expected as impact of Iran war takes toll

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Guardian Business

OECD: global economy has been more resilient to Iran war than expected

Paris-based body warns that ‘economic prospects remain heavily dependent on durable resolution to conflict’ The global economy has withstood the strains of the Iran war better than first feared but its outlook is “heavily dependent” on a lasting resolution to the conflict, the Organisation for Economic Co-operation and Development (OECD) has warned. In its interim economic outlook, the Paris-based body suggested glob…

23 Sept, 08:00

The Guardian

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UK borrows more than expected as impact of Iran war takes toll

May figure of £23.3bn underlines challenge facing Andy Burnham if he ends up as Labour leader Business live – latest updates UK politics – live updates The UK borrowed a higher-than-expected £23.3bn in May amid the economic fallout of the Iran war, underlining the fiscal pressures facing Andy Burnham if he takes over as the Labour leader. In figures released shortly after Burnham’s victory in the Makerfield byelec…