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The Independent UK
The Independent UK
National
Holly Williams

New study shows the true impact of Iran war on UK businesses

United Kingdom Iran
  • Eight out of ten UK businesses are negatively impacted by the Middle East conflict, with 20 per cent pausing investment due to geopolitical uncertainty.
  • Businesses are primarily struggling with rising energy and fuel costs, increased shipping expenses, and supply chain disruptions, with 37 per cent planning to pass these costs onto consumers.
  • Small companies are reducing borrowing and increasing savings to build financial buffers, while larger firms are prioritising long-term investment, particularly in technology.
  • A significant number of firms are increasing investment in cybersecurity and adopting agentic AI, with over half reporting improved productivity from AI and automation.
  • Matt Hammerstein, CEO of Barclays UK Corporate Bank, advocates for a Cabinet-level AI role within the UK government to strengthen strategy and capitalise on economic opportunities.

IN FULL

Eight in 10 UK firms suffering hit from Iran war: ‘Uncertainty has become the norm’

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