U.K. Economy Grows Slightly as High Energy Costs Continue to Weigh

The U.K. economy experienced a modest uptick in May, driven by a surge in services-sector activity, but this growth is overshadowed by the persistent impact of high energy costs and the renewed geopolitical tensions stemming from U.S.-Iran conflicts near the Strait of Hormuz. This situation adds a layer of uncertainty to the economic outlook, highlighting the delicate balance the country must navigate between domestic economic recovery and external global pressures. It's a reminder of how interconnected global issues can affect even the most robust economies.