Iran war could ‘halt growth’ across UK economy

EY has warned that a conflict in Iran could halt growth across the UK economy, as economic management success depends heavily on President Trump's decisions. While the UK economy might perform better than initially expected this year, the EY economic outlook cautions that GDP could slow to 0.5%. Furthermore, if the Strait of Hormuz remains shut into 2027, the report warns that the UK could be tipped into a recession by next year.