UK ‘at risk of recession’ if Strait of Hormuz remains closed into 2027
2 sources·Updated August 3, 2026
Covered by 2 sources
- Guardian Business·2h agoUK economy faces recession if strait of Hormuz remains closed, EY warns - business live
Rolling coverage of the latest economic and financial news The shipping group Clarkson’s has reported its best ever half-year performance this morning, benefiting from disruption in the Middle East. Its pre-tax profit shot up 56% to £61.5m in the first six months of the year,…
Read at Guardian Business → - The Independent·9h agoUK ‘at risk of recession’ if Strait of Hormuz remains closed into 2027
EY’s latest economic outlook also warns that inflation could rise to 6.4% as oil and gas prices soar
Read at The Independent →