News in Review Wednesday 17th June 2026

The Confederation of British Industry (CBI) lowers UK growth predictions, US-Iran deal imminent, welcome retail sales lift.

Key takeaways:

  • UK GDP is expected to grow by 1.1% in 2026 and 0.9% in 2027, down from previous CBI projections
  • The White House and Iran have agreed on a framework deal aimed at securing an end to hostilities
  • UK retail sales increased by 3.7% annually last month, up from growth of 1.0% in May 2025