Years of failure have left Britain dangerously exposed to the Iran war
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The UK economy is at risk due to the Iran war, with the OECD downgrading its growth forecast to 0.7% this year. The country's exposure to energy shocks and high inflation rate make it especially vulnerable to the crisis.
The UK economy is facing a significant risk due to the Iran war. The OECD has downgraded its growth forecast to 0.7% this year, citing the country's exposure to energy shocks. The UK's inflation rate is already high and expected to rise further. The Bank of England may be forced to raise interest rates, increasing the government's borrowing costs. The country's lack of investment in energy infrastructure and refusal to exploit its own oil and gas reserves have exacerbated the problem. The crisis could lead to a global recession, with the UK being particularly affected.
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