Chancellor Reeves Faces MPs' Grilling Over Cost-of-Living Crisis
Chancellor Rachel Reeves to take Treasury questions amid market turbulence linked to Middle East conflict and rising energy prices
Chancellor Rachel Reeves is set to face a grilling from Members of Parliament (MPs) as the UK grapples with a worsening cost-of-living crisis. The market turbulence, closely linked to the ongoing conflict in the Middle East, has driven up energy prices and added to the financial pressures facing UK households.
Just yesterday, both Reeves and Prime Minister Keir Starmer hinted that the government may be prepared to intervene to shield British consumers from the impact of the next energy price cap increase. This comes as Brent crude, the international oil benchmark, surged as high as $119.50 per barrel on Monday before sliding back to around $91 after US President Donald Trump described the US-Israeli strikes on Iran as
Source: The Guardian
