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The Latest Breaking News from Rachel Reeves

Soaring oil prices spark fear of global recession

Fears of a global recession have emerged due to soaring prices, exacerbated by the conflict in the Middle East. Larry Fink, CEO of BlackRock, has predicted a global recession if oil prices reach $150 a barrel, citing "profound implications" should Iran remain a threat. UK Chancellor Rachel Reeves warned that…

The Independent UK

Cyprus to ‘seek new security deal’ for UK military bases following strike on RAF Akrotiri

Cypriot president has called for ‘open and frank’ discussions over future of UK bases on the island

The Independent UK

Politics latest: Starmer vows to go ‘further and faster’ on renewable energy to bring bills down during Iran crisis

Comes after Reeves warns Middle East conflict may cause ‘significant’ economic challenges for Britons amid soaring prices

The Independent UK

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UK drivers forced to pay £300m more for fuel amid price rises from Iran war

IN FULL

The Independent UK

The Guardian view on the Iran war: energy, markets and a dangerous illusion

Editorial: Markets and the Treasury are pricing a quick exit. Without a credible political endgame, Donald Trump cannot deliver one

The Guardian - UK

Oil majors boost FTSE 100 amid war uncertainty

The FTSE 100 index closed up 71.01 points on Tuesday.

Evening Standard

Reeves slips into yoga voice to try to soothe fears over costs of Trump’s war

The chancellor was meant to set out her contingency plans but it was an announcement without any announcements in it

The Guardian - UK

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Posties told to leave hospital letters in racks to prioritise parcels – union

The Communication Workers Union told MPs that postal workers are led by a pyramid framework which tells them which deliveries to prioritise.

Evening Standard

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

What the chancellor could do to counter the economic impacts of Iran war, from stopping price gouging to cancelling fuel duty rises

The Guardian - UK

Rachel Reeves rules out universal support amid rising energy bills

IN FULL

The Independent UK

Millions of households will get no help on energy bills in wake of Iran war

Political opponents have attacked chancellor Rachel Reeves for her ‘weak’ response to soaring energy costs

The Independent UK

Iran oil crisis has cost UK drivers £307m in higher fuel costs – analysis

Oil prices have soared to as much as 120 dollars a barrel in response to Iran’s stranglehold on tankers passing through the Strait of Hormuz.

Evening Standard

What you need to know about Rachel Reeves’ energy bills support announcement

IN FULL

The Independent UK

Rachel Reeves rules out universal support on energy bills

Chancellor says package offered by Liz Truss’s government was unaffordable and any future help will be targeted

The Guardian - UK

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The Independent UK

Rachel Reeves’ energy plan dismissed as ‘total waste of time’ – here’s why

IN FULL

The Independent UK

An arson attack leaves Britain's Jewish community feeling vulnerable

British police are hunting three suspects after an arson attack on ambulances that has left Britain's Jewish community feeling vulnerable

The Independent UK

Rachel Reeves took 15 minutes to announce nothing

NEWS ANALYSIS: After an emergency Cobra meeting, there were expectations the chancellor would set out a plan to deal with a potential economic shock from the Iran war. Instead, MPs were left wondering what the point of her statement was at all, writes David Maddox

The Independent UK

Who is Mohammad Bagher Ghalibaf? Trump’s ‘hot option’ to lead Iran

The 64-year-old is reportedly being considered as a potential successor to the ayatollah – one whom the US could deal with

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news in one place.

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The Independent UK

How to recycle old laptops and electronics – and why doing so is good for your wallet

Components such as steel, aluminum, copper, gold, silver, plastics and even glass, can be recovered and reused

Evening Standard

Rachel Reeves warns of ‘significant’ economic challenges from Iran war

The Chancellor updated MPs on the economic impact of the Middle East crisis, which has pushed up oil and gas prices.

Evening Standard

If Labour does not act quickly the lights will go out for London hospitality

From Soho to Shoreditch costs are soaring, taxes are rising, and business confidence is draining away

The Guardian - UK

I saw Rachel Reeves while out shopping with my teenager. Apparently I completely humiliated myself

It’s hard to know how to handle meeting a famous person in public. I decided to forgo political debate for a simple ‘Hello’, but my daughter assures me I was the most mortifying I’ve ever been, writes Zoe Williams

The Independent UK

Minister slaps down suggestions that Labour should reverse Brexit

Peter Kyle dismissed calls from senior Labour figures, including Sadiq Khan, that the party should campaign to rejoin the EU

The Guardian - UK

More North Sea drilling will put UK at mercy of fossil fuel markets, ministers say

Ed Miliband says only clean power will provide ‘energy sovereignty’ amid opposition calls for oil and gas expansion

The Guardian - UK

UK politics: Reform UK suspends mayoral candidate after he described Jewish security group as ‘cosplayers’ – as it happened

Labour and Liberal Democrats welcome suspension of Chris Parry, the party’s Hampshire mayoral candidate, after derogatory remarks about Jewish group

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