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The Independent UK
The Independent UK
National
Pan Pylas

Iran war casts a pall over UK economic update

Rachel Reeves - (Copyright 2026 The Associated Press. All rights reserved)

With oil prices soaring and stocks tanking, the fast-evolving Iran war has cast a pall over the economic forecasts that British Treasury chief Rachel Reeves is set to unveil on Tuesday.

Reeves had hoped her statement to the House of Commons would be a relatively low-key affair, with the forecasts showing the key economic numbers broadly heading in the right direction.

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