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The Guardian - UK
The Guardian - UK
Business
Heather Stewart

What levers could Rachel Reeves pull to help with rising prices?

Rachel Reeves RAC Liz Truss Iran European Union
A petrol pump on a Shell forecourt
Rachel Reeves promised to give an update on fuel pricing within the next month. Photograph: Dan Kitwood/Getty Images

Rachel Reeves updated MPs on Tuesday about the steps the government was taking to cushion the impact of the Iran war on consumers and the UK economy. The chancellor stopped short of announcing specific immediate support but said she was contingency planning for the tough months ahead.

Here are some of the levers she could pull:

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