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The Latest Breaking News from Rachel Reeves

Starmer holds emergency meeting over cost of Iran war as energy bills set to 'rise by £288' in summer

Chancellor Rachel Reeves has already indicated that targeted help for poorer households could be available if bills continue to rise

Evening Standard

MPs Pay Rise Triggers Anger as £3,300 Increase Confirmed for April — What IPSA Decided

UK MPs will receive a £3,300 pay rise from April 2026 after IPSA approved a 5% increase, sparking criticism amid ongoing cost-of-living pressures.

International Business Times UK

Prime Minister to chair Cobra meeting on economic hit of Iran war

Sir Keir Starmer told business leaders on Monday that it must be a ‘joint effort’ to tackle the impact of the war.

Evening Standard

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How many sweeteners does JP Morgan need to build an office in Canary Wharf?

US bank will get deal it doesn’t really need as it would be far too embarrassing for Treasury to see investment sail away

The Guardian - UK

Keir Starmer must help consumers through the energy crisis

THE INDEPENDENT VIEW: Editorial: As governments around the world implement measures to take the sting out of rising prices, Labour has merely urged the British people to ‘act as normal’. It is time to go beyond the platitudes – and abandoning a planned fuel duty hike would be a start

The Independent UK

How countries are responding to oil price surge due to Iran war

Many countries reliant on energy imports are taking emergency measures from free bus travel to four-day working week

The Independent UK

Families hardest hit by energy crisis could be given funds dispensed by councils in England

As Iran war continues, ministers debate several options for extending support to households

The Guardian - UK

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What Rachel Reeves could do to help stop the UK’s spiralling fuel prices

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The Independent UK

Car finance victims to get an average £830 payout but fewer loans eligible

City regulator reduces number of loan agreements in line for compensation from 14m to 12m

The Guardian - UK

Starmer hosts business chiefs as Trump ratchets up threats to Iran’s oil

US president Donald Trump has threatened to wipe out Iran’s oil infrastructure unless a deal is done to open the Strait of Hormuz.

Evening Standard

Starmer to meet business leaders as Trump considers invading Iranian island

Bosses from energy firms including BP and Shell and representatives from shipping and banking firms will meet Sir Keir Starmer.

Evening Standard

Voices: As energy costs soar, Rachel Reeves is now the price-gouging queen

COMMENT: The chancellor dismisses sharp rises at the petrol pumps and in our energy bills as ‘global turbulence’ – but her bad policy choices have left consumers exposed to market shock, says Kemi Badenoch: she should give drivers a break by abandoning her planned fuel duty hike, and help householders…

The Independent UK

Reeves is ‘oblivious’ to the Iran war cost of living crisis, blasts Kemi Badenoch

Tory leader says chancellor is speaking ‘managerial mush’ over claims Reeves made in The Independent

The Independent UK

Starmer to meet energy and finances bosses in bid to stop household bills spiralling

PM to hear directly from business leaders as war in the Middle East threatens economic instability

The Independent UK

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The Guardian - UK

Rachel Reeves to tell G7 accelerating shift to clean energy is best defence against energy price shocks

Starmer to convene major energy industry and insurance figures to draw up emergency plans amid continued blockade of strait of Hormuz

Evening Standard

Starmer to meet business leaders amid Hormuz blockade

The Prime Minister is expected to meet senior representatives from the energy, shipping and financial services industries.

The Guardian - UK

War in Iran erodes the chancellor’s headroom and exposes the UK’s fragility

Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre

The Independent UK

Keir Starmer is right to defy Donald Trump over the Iran war

THE INDEPENDENT VIEW: Editorial: An exclusive poll for The Independent shows British people think better of the prime minister for staying out of the Iran war as much as possible

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The Independent UK

Iran, one month on – the numbers tell the terrible toll of war

THE INDEPENDENT VIEW: Editorial: If there was ever a plan behind the US-Israeli assault on Iran, it is not going well – instead, it has become Donald Trump’s great miscalculation

Evening Standard

Mortgage deals ‘trickling back on to market but at higher rates’

Lenders are preparing to proactively contact 1.6 million customers whose fixed-rate deals will finish before the end of the year.

The Independent UK

Rachel Reeves urged to raise taxes on companies profiting from Iran war

The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth

The Guardian - UK

Rachel Reeves urged to raise taxes on companies profiting from war on Iran

Charities say energy companies, banks and defence companies stand to benefit from the economic fallout

The Independent UK

Rachel Reeves must do more to protect us from a wartime slump

THE INDEPENDENT VIEW: Editorial: At a time of conflict in the Middle East, it would be unfair to blame the government for Britain now facing the biggest hit to growth of all the world’s major economies – but the public is right to expect the chancellor to display a surer…

The Independent UK

Cost of Trump’s war: From energy bills to UK interest rates, how Middle East conflict is hitting Britons

Chancellor warns UK households face ‘significant’ economic challenges as US and Israel’s war against Iran sends global financial markets and energy prices spiralling

Evening Standard

UK gets biggest cut to growth outlook this year among world’s major economies

The OECD published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

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