CNBC | US Top News and Analysis Follow 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. https://www.cnbc.com/2026/05/06/uk-energy-prices-1970s-oil-shock-consumers-businesses.html cnbc.com