FILE PHOTO: British Chancellor Rachel Reeves leaves her official residence at 11 Downing Street in London, Britain, March 23, 2026. REUTERS/Toby Melville/File Photo
FILE PHOTO: British Chancellor Rachel Reeves leaves her official residence at 11 Downing Street in London, Britain, March 23, 2026. REUTERS/Toby Melville/File Photo
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Business & Economy

British finance minister Reeves says targeted steps needed to protect UK from war impact without lasting rate hit

April 28 (Reuters) – British finance minister Rachel Reeves said on Tuesday the government needs to make targeted interventions to shield the economy from the impact of the U.S.-Israel war on Iran without a lasting effect on interest rates.

“The Chancellor was clear that the government needs to be responsive and responsible – learning the lessons of the previous government’s response to the 2022 energy crisis,” Downing Street said in a statement after a meeting of the Middle East Response Committee.

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(Reporting by Chris Thomas in Mexico City; Editing by Chris Reese)

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