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The Latest Breaking News from Rachel Reeves

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

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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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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 Independent 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 Guardian - 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

The Independent UK

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

Evening Standard

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 Guardian - UK

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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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The Independent UK

FTSE 100 tumbles as Rachel Reeves to hold emergency meeting over oil prices

IN FULL

Evening Standard

'You're right to worry about your bills and jobs,' Starmer tells UK as oil tops $110 a barrel in Trump war

The US and Israeli attacks on Tehran have already sparked rises in the cost of oil, higher mortgage rates and hit stock markets

The Independent UK

It’s time to honour the extraordinary women of the UK

THE INDEPENDENT VIEW: Editorial: The Independent marks International Women’s Day by publishing its annual list of the 50 most influential women in Britain – a celebration intended to inspire renewed progress towards equality

Evening Standard

Homeowners face higher mortgage rates as Donald Trump's Iran war hits FTSE 100

Nationwide, HSBC and Coventry Building Society are among lenders raising mortgage rates as the Iran conflict rages on

International Business Times UK

Donald Trump Mocks Keir Starmer As 'No Winston Churchill' After Iran Caving

Donald Trump's claim that Keir Starmer is 'no Winston Churchill' has intensified scrutiny of Britain's Iran policy shift, exposing Cabinet tensions over legality, loyalty to Washington and the legacy of past interventions.

Evening Standard

Ladbrokes owner Entain says gambling tax hikes will shrink regulated market

Entain said it was able to weather the cost rises but other smaller players may disappear from the market as a result.

The Guardian - UK

Ministers discuss ways to offset energy price surges caused by Iran war

Government’s claim to have lowered bills in jeopardy as households face £160 rise caused by soaring oil and gas prices

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