'Upward pressure': Chancellor warns Iran War likely to trigger inflation in coming months

James Murray
clock • 5 min read
Chancellor Rachel Reeves speaks during a G7 Finance Ministers call on 9 March - Credit: Simon Dawson / No 10 Downing Street
Image:

Chancellor Rachel Reeves speaks during a G7 Finance Ministers call on 9 March - Credit: Simon Dawson / No 10 Downing Street

Rachel Reeves promises 'clear-eyed' response to cost of living pressures, arguing Labour's clean energy plans have helped curb gas import dependence

Chancellor Rachel Reeves yesterday acknowledged the UK is likely to face a period of increased inflation, following another day of conflicting signals from the Trump administration on when its war on Iran...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Politics

Study: Politicians and press underestimate public support for climate action

Study: Politicians and press underestimate public support for climate action

Populist right-wing attacks on net zero and climate policies stand in stark contrast to views of the British public, new research shows

Michael Holder
clock 20 March 2026 • 5 min read
'With less investment we need to refocus': UK to cut climate aid to around £6bn over three years

'With less investment we need to refocus': UK to cut climate aid to around £6bn over three years

Campaigners warn 'short-sighted' cuts to climate finance threaten lives, nature, and UK national security

Stuart Stone
clock 19 March 2026 • 6 min read
'The alternative is unacceptable': Zack Polanski calls on government to extend energy bill price cap

'The alternative is unacceptable': Zack Polanski calls on government to extend energy bill price cap

Green Party leader sets out vision for tackling 'rip-off Britain', ending failed privatisation experiment, and curbing energy bills

James Murray
clock 18 March 2026 • 6 min read