Reeves Says Unwise to Speculate on UK Impact of Iran War

Chancellor of the Exchequer Rachel Reeves said it was too soon to assess the economic impacts on the UK caused by the Iran war, as she appeared to rule out immediate help for households and businesses.

Speaking to Parliament’s Treasury Select Committee on Wednesday, Britain’s finance minister said the country is in a stronger position now to respond to the crisis compared to when Russia invaded Ukraine in 2022. She added that the government is “looking at a number of scenarios and monitoring very carefully this situation.”