UK economy faces recession if strait of Hormuz remains closed, EY warns - business live

UK economy faces recession if strait of Hormuz remains closed, EY warns - business live is one of the latest updates being tracked by Novexa News from The Guardian Business. 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

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Source: The Guardian Business via theguardian.com - https://www.theguardian.com/business/live/2026/aug/03/uk-economy-recession-strait-hormuz-closed-oil-latest-news-updates