Even back in the autumn, it did not seem like a particularly bright idea when Rachel Reeves announced in her Budget that the long-standing freeze on fuel duty would be lifted in September this year.

The chancellor will outline the action she is set to take in a statement to MPs on Tuesday following Monday’s emergency Cobra meeting

Chancellor Rachel Reeves has said the economic challenges from the Iran war may be “significant” and contingency planning is under way for energy bill support “for those who need it most”. Rachel Reeves has been outlining plans to guard the public from unfair price rises amid fears over surging oil and fuel prices sparked by the Iran war in a statement to MPs this afternoon.

Unlike Truss, the Chancellor has said that only the poorest households will get government support if the conflict pushes up gas and electricity charges.

Bloc will not budge on granting UK greater access to its markets unless Labour accepts greater obligations, say industry analysts

The Chancellor has introduced some tax changes that an expert are one of the factors behind a dip.

Rachel Reeves will outline plans to guard against unfair price rises amid fears among the public over surging oil and fuel prices sparked by the Iran war. The Chancellor will make a statement to MPs after laying out her plans to the Prime Minister and colleagues in an emergency Cobra meeting on Monday afternoon.