The UK economy could shrink by 0.2 percent in 2027 if the Strait of Hormuz remains shut into next year, accounting firm EY warns, saying a prolonged closure would raise inflation.

The UK economy could shrink by 0.2 percent in 2027 if the Strait of Hormuz remains shut into next year, accounting firm EY warns, saying a prolonged closure would raise inflation. 🔴 LIVE updates