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The Organisation for Economic Co-operation and Development (OECD) reports warning of the impact of renewed energy price inflation on the UK economy, triggered by the conflict in the Middle East which has caused fluctuations in fossil fuel prices. The organization forecasts a 0.9% growth in the UK's Gross Domestic Product (GDP) in 2026, down from 1.4% the previous year, due to the war's repercussions on households and businesses. The report also highlights that regional disparities and the unemployment crisis are negatively affecting living standards and economic performance. It emphasizes the need to accelerate the transition to clean energy to reduce dependence on fossil fuels.
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