Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says
Reeves, [summoned bank chiefs for talks aimed at containing the fallout](https://www.theguardian.com/business/2026/apr/19/bank-bosses-meeting-rachel-reeves-impact-iran-war-uk-economy), twin reports from top accounting firms underlined the scale of the economic threat facing the UK.
Iran’s retaliatory closure