Oil price rises amid Iran tensions as think tank warns UK may already be in recession 

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Oil price rises amid Iran tensions as think tank warns UK may already be in recession 

  • Crude oil prices jump on heightened tensions following Iran's seizure of a British tanker
  • One in four chance the UK has already entered into a technical recession, says National Institute of Economic and Social Research
  • A disorderly no-deal Brexit could lead to a "severe downturn" for the economy, the think tank says 
  • Shares surge on Shanghai stock exchange's new technology board
  • Metro Bank to sell £500m of mortgages to US hedge fund
  • Migration
 needs post-Brexit rethink to avoid a damaging worker shortage - Keith Barr,  chief executive, InterContinental Hotels Group 
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