CNBC's UK Exchange newsletter: It's not the 1970s, but the oil shock is still biting hard
- Posted on May 6, 2026
- By CNBC
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CNBC's UK Exchange newsletter: It's not the 1970s, but the oil shock is still biting hard
In theory, the U.K. should be less exposed to the impact of higher energy prices than some peers. In practice, the price surge is having a dire impact.