Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor cautioned against knee-jerk responses to the cost-of-living crisis triggered by the conflict (Alishia Abodunde/PA) - (PA Wire)

The impact of the Iran war on inflation and economic growth will linger even if an end to the conflict is found, Rachel Reeves and fellow finance ministers have warned.

In a joint statement with international counterparts, the Chancellor cautioned against knee-jerk responses to the cost-of-living crisis triggered by the war.