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Evening Standard
Evening Standard
Business
Jonathan Prynn and Nicholas Cecil

Reeves warns of risk of higher energy bills as Iran war sends oil and gas prices soaring

Rachel Reeves today warned the country of the risk of higher energy bills and inflation after a dramatic spike in oil and gas markets since America and Israel launched attacks on Iran.

Addressing MPs in her Spring Statement in the Commons the Chancellor insisted that only stability under Labour would deliver the lower interest rates and inflation “as low as possible” in a turbulent world.

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