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The Guardian Politics24 Mar 2026

No fuel shortage in Britain, says minister, as Reeves prepares to set out economic response to Iran war – UK politics live

Energy minister Michael Shanks reassures drivers ahead of chancellor’s statement to MPs Good morning. At lunchtime Rachel Reeves, the chancellor, will give a statement to MPs that will cover what the government is doing, and (more tentatively) might do, in response to the soaring global energy prices caused by the Iran war. After Russia invaded Ukraine in 2022, also creating a global energy shortage, the Conservative government ended up spending £40bn supporting families and firms with energy bi

PoliticsEconomyDefence
Conservative Home24 Mar 2026

Festus Akinbusoye: What is a city for? Why London must be a home, not just an economy

When a city becomes transient, something deeper is lost. It is not just about the cost of rent. It is about the quiet erosion of community. The post Festus Akinbusoye: What is a city for? Why London must be a home, not just an economy appeared first on Conservative Home.

EconomyHousing
BBC Politics24 Mar 2026

Reeves to set out principles on who might get energy bills support – and who won't

The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.

PoliticsEconomyDefence
BBC Politics24 Mar 2026

Chris Mason: Reeves to set out principles on who might get energy bills support - and who won't

The chancellor must react in real time to the economic shock of the war in Iran, writes the BBC's political editor.

PoliticsEconomyDefence
Express Politics23 Mar 2026

Rachel Reeves issued stark warning over holiday tax - ‘33,000 jobs at risk’

The Chancellor has been warned her plans could 'decimate' the UK's tourism sector by the end of the decade.

EconomyDefence
The Guardian Politics23 Mar 2026

Starmer signals support for household bills next winter amid energy price shock

PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailout Ministers are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come. The prime minister indicated he would prefer to focus any taxpayer-funded help on the poorest households, rather than an expensive universal bailout, ahead of an emergency meeting on the e

Economy
The Guardian Politics23 Mar 2026

Ministers tell HS2 to consider slower train speeds to cut costs

Company will assess whether drop to 186mph from 224mph will save money and help bring forward launch Ministers have told High Speed Two to consider running its trains at lower speeds, in an attempt to rein in the spiralling budget and begin operations as soon as possible. HS2 Ltd will assess whether limiting the speed to 186mph (300km/h) instead of 224mph could save money – potentially billions of pounds – and bring the railway into being earlier in the 2030s. Continue reading...

EconomyDefence
The Guardian Politics23 Mar 2026

A war and maybe an unprecedented depression: it’s Trump’s mania, but now all of us will pay the price | Polly Toynbee

It had been possible to observe this presidency in abstract terms, but no more. The consequences of the Iran attack will affect our lives and our politics Nothing has changed. Yet. But we stand on the edge of inevitable economic cataclysm, such as not seen in our lifetimes. It’s an odd, hold-your-breath moment, waiting for what the International Energy Agency (IEA) says is now certain to happen: an energy crisis so critical it will be the equivalent of the two oil crises in 1973 and 1979 and Rus

PoliticsEconomyDefence
The Guardian Politics23 Mar 2026

Trump rows back on strait of Hormuz threat – what next? | podcast

The US president has extended by five days his deadline to ‘hit and obliterate’ Iran’s power stations and energy infrastructure if Tehran does not allow shipping to move freely. Pippa Crerar and Kiran Stacey discuss what is behind this change of tone and the impact the uncertainty will have on the cost of living in the UK. Plus, with just over six weeks until the local elections, they talk through what to watch as the results come in Continue reading...

PoliticsEconomy
Conservative Home23 Mar 2026

Mike Newton: A primer for navigating recent chaos in the Gilt markets and a Conservative response

Policy coordination needs to be improved.The Bank of England must be more accountable and aligned with broader macroeconomic objectives. It needs to do its job better. There is no alternatives. Desperate economic circumstances require hard-edged small state policies. The post Mike Newton: A primer for navigating recent chaos in the Gilt markets and a Conservative response appeared first on Conservative Home.

Economy
Guido Fawkes23 Mar 2026

LIVE: Starmer Grilled by MPs in Liaison Committee Meeting

Keir Starmer is up in front of the Liaison Committee for the next hour. Expect plenty on Iran and the economy…

PoliticsEconomy
Guido Fawkes23 Mar 2026

Downing Street Insists Public Finances ‘Stable’ as Cost of Borrowing Soars

The Number 10 spokesman in the Lobby briefing of press hacks today: “We doubled our headroom against our fiscal rules. Borrowing is forecast to be lower than the G7 average… we have delivered stability when it comes to the public finances, and we’ve done so in a way that allows us to invest in priorities…

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