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UK economy faces £35B hit from Middle East energy crisis.
A UK economic think tank warns the Middle East energy crisis could cost the UK economy around £35 billion over two years, even in a best-case scenario.
Higher oil and gas prices are expected to drive inflation to 4.1% by January 2027, pushing the Bank of England to raise interest rates to 5.25%.
Growth is forecast to slow to 0.9% in 2026, with inflation outpacing wage growth and squeezing household budgets.
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La economía del Reino Unido enfrenta un golpe de 35 mil millones de libras por la crisis energética de Oriente Medio.