EY: UK faces recession in 2027 if Strait of Hormuz stays shut
UK recession risk returns to the forecasts as EY models what a closed Strait of Hormuz would do to inflation, growth and interest rates into 2027.
August 2026
Energy minister accused of misleading MPs over grid safety limits
Energy minister Michael Shanks faces claims he misled MPs over the June 23 grid incident, after leaked Neso documents recorded five constraint breaches.
Twenty-five US states sue Trump over forced labour tariffs
Twenty-five US states have sued over Trump's forced labour tariffs of 10 to 12.5 per cent, which cover 99.4 per cent of US imports and hit UK exporters.
Fuel theft hits £194,000 a day since Iran war began
Fuel theft from UK petrol stations has climbed to an estimated £194,000 a day since the Iran war began on 28 February, Forecourt Eye analysis suggests.
Apple lodges fresh legal challenge over UK data access order
Apple UK encryption challenge returns to the surveillance court as the company files a fresh complaint over a Home Office demand for access to encrypted data.
Oleeo chief defends AI screening as 2.5 jobseekers chase each vacancy
AI screening should not be abandoned in response to Andy Burnham's criticism, Oleeo founder Charles Hipps has said, citing 2.5 jobseekers per UK vacancy.
Apple faces $32.5bn Illinois lawsuit over iPhone face scans
Apple biometric lawsuit covering up to 6.5 million Illinois consumers can proceed after a US appeals court rejected the company's challenge to the class.
Unions open talks on redundancy criteria at Santander and TSB
Santander TSB job cuts: unions at both banks are negotiating how staff in duplicate roles will be assessed, with the group targeting £400m of cost savings.
Gatwick warns airlines of two-day jet fuel shortage
Gatwick has told airlines to monitor fuel availability after a technical fault at one of its fuel farms, with long-haul flights expected to be hit first.
US intervenes as Japan dumps Treasuries to rescue plummeting yen
Japan and the US have officially confirmed an extraordinary joint intervention to rescue the yen after its collapse toward a four-decade low Read Full Article at RT.com