The UK’s economic growth remains robust, but is threatened by the war in Iran and political turmoil.

```htmlGolden Ten Data reported on May 14 that the UK enjoyed strong economic growth momentum at the beginning of this year, but now faces risks due to the aftermath of the Iran war and the possibility of a prime minister change. The UK Office for National Statistics released data on Thursday showing that Gross Domestic Product (GDP) grew by 0.6% in the first quarter, higher than the previous quarter's 0.2%, marking the fastest growth rate in a year. This figure matches the median forecast among economists and exceeds the Bank of England's prediction of 0.5%. The strong start to 2026 was largely driven by robust growth in February, when the Iran war had not yet erupted and the economy grew by 0.4%. However, March also saw economic growth reach 0.3%, mainly supported by strong expansion in the services sector. Economists had previously expected a slight slowdown in growth for March. Despite the relatively optimistic economic situation, Labour suffered a crushing defeat in last week's local elections, making it difficult for Prime Minister Starmer to consolidate his position. Economists and investors warn that political turmoil will put pressure on the UK's economic outlook. The turmoil has already disrupted the bond market, pushing up borrowing costs for long-term bonds.```