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Item Club Warns Iran War Could Cut 163,000 UK Jobs
The forecasting group says rising energy and shipping costs will hit manufacturing, construction and retail, with unemployment projected to rise 0.4%.
- The United Kingdom is projected to lose 163,000 jobs this year due to economic troubles linked to the Iran war, with lower-income regions most affected.
- South Wales and the Humber, two of the UK's poorest regions, will face the toughest job market conditions due to rising energy prices.
- UK employment is expected to decrease by 0.4% in 2023, equating to a net loss of 163,000 jobs.
- Employment in major cities such as London, Birmingham, Leeds, and Glasgow is predicted to decline significantly, impacting sectors like retail and hospitality.
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24 Articles
24 Articles
Britain to lose 163,000 jobs amid Iran war fallout - two UK regions hit hardest
Two of the UK's lowest income regions will suffer the most painful jobs market woes in 2026, driven by sharp energy price rises and supply chain disruption from the Iran war, a new report suggests
·London, United Kingdom
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Coverage Details
Total News Sources24
Leaning Left6Leaning Right4Center5Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 33%
R 27%
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