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The Latest Breaking News from Rachel Reeves

Rachel Reeves issues warning over soaring heating oil prices with more than 1 million affected

IN FULL

The Independent UK

O’Dowd calls for direct support for customers hit by home heating oil price rise

The Finance Minister said the powersharing Executive does not have the financial ‘firepower’ to fund any relief scheme.

Evening Standard

Rachel Reeves warns using public money to tackle soaring oil prices ‘not the solution’

The Chancellor also warned that petrol stations ‘price gouging’ will ‘not be tolerated’

The Independent UK

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Chancellor Rachel Reeves may raise mileage rates for drivers using cars for work

The Chancellor said she understood driving costs had risen “significantly” in recent years

Evening Standard

Rachel Reeves says she might raise mileage rates for drivers using cars for work

The Chancellor said the potential change would be in response to a ‘significant’ rise in driving costs.

The Independent UK

Second Royal Navy ship readied to respond to Iran crisis after HMS Dragon criticism

RFA Lyme Bay could be deployed to the eastern Mediterranean if the conflict continues

The Independent UK

Second British ship being prepared to respond to Middle East crisis

RFA Lyme Bay could be sent to the eastern Mediterranean if the crisis continues.

Evening Standard

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Scrapping North Sea windfall tax would not reduce UK energy bills, say experts

Rachel Reeves said to be considering levy cuts for oil and gas firms, but economists say this would just fatten profits

The Guardian - UK

Lammy defends jury reforms against claims they will worsen racial bias in legal system – as it happened

Justice secretary says changes designed to reduce courts backlog will benefit remand rates

The Guardian - UK

Donald Trump's Iran war is making Britain poorer, warns Nigel Farage's Reform UK amid oil cost turmoil

Petrol prices, mortgage rates and oil home heating costs are rising as the UK economy is rocked by the fall-out from the Middle East conflict

Evening Standard

US launches 'most intense day of strikes' on Iran yet as Tehran attacks countries across Gulf

Secretary of War Pete Hegseth said the US ‘will not relent until the enemy is totally and decisively defeated’

Evening Standard

Oil prices latest: UK inflation forecast to spike amid fears Iran war could trigger new cost of living crisis

Price of oil has surged since US and Israel launched airstrikes towards Iran 10 days ago

The Independent UK

Martin Lewis: ‘Ticking timebomb’ on energy bills which could spike 30% as Trump war risks higher inflation

Oil costs have jumped since the US and Israel began airstrikes on Iran, pushing up inflation, petrol prices and mortgage rates

Evening Standard

UK inflation ‘to be pushed higher’ by energy prices amid Iran conflict

The British Chambers of Commerce said the geopolitical situation could ‘change the economic outlook considerably’.

Evening Standard

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The Independent UK

Voices: The price of Donald Trump’s war is soaring – and Britain is already paying it

THE INDEPENDENT VIEW: Editorial: As the world tips towards financial oblivion, its leaders must find a way to make the US president listen to the markets if he will not listen to them

The Independent UK

RAF fighter jets shoot down drones targeting UK allies in Middle East

Defence secretary John Healey urged for de-escalation in Lebanon and ‘a return to a negotiated process’

The Guardian - UK

So Badenoch, Farage and Blair think the Iran war is a great idea? Hmm …

Kemi may be all in favour, but at least economic realpolitik is forcing her to take a slightly different tack

The Independent UK

UK government’s new definition of anti-Muslim hate under social cohesion strategy

Communities Secretary Steve Reed said the government has a duty to act against record levels of hate crime against Muslims

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Evening Standard

Trump says Iran war will be ‘pretty quickly’ over as world rocked by oil shock

Israel launched a new wave of airstrikes on Tehran which lashed out with missile and drone attacks across the region

Evening Standard

Iran ‘activating sleeper cells’, US officials warn as security across London stepped up

Metropolitan Police given more time to question four men arrested in Harrow, Watford and Barnet on suspicion of spying for Tehran regime

The Guardian - UK

UK inflation likely to rise because of Middle East war, says Rachel Reeves

Chancellor says she is ready to help households with rising costs but stops short of setting out specific steps

The Independent UK

Rachel Reeves issues warning over fuel prices and inflation as Iran war continues

Rachel Reeves has issued a stark warning regarding inflation amid fears that the escalating conflict in the Middle East could trigger another cost-of-living crisis in the UK, with fuel prices expected to surge.

The Independent UK

Can Trump bring back a military draft for the Iran war? Here’s how it works

Conscripting Americans into war remains deeply unpopular and is unlikely to have majority support in Congress

Evening Standard

Rachel Reeves warns of ‘upward inflationary pressure’ caused by Iran war

The Chancellor said she was ready to support a ‘co-ordinated release’ of international oil reserves.

Evening Standard

Ministers eye new energy support as Iran war sends prices soaring

Derek Lickorish, chairman of electricity and gas firm Utilita, has warned ‘we just don't know’ how high gas prices will go

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