Rachel Reeves slams Iran war

The Chancellor's unusually blunt criticism marks a significant point of friction in the 'special relationship' between the UK and the Trump administration.

Reeves argued that a diplomatic de-escalation is the 'best economic policy' to protect growth and curb inflation.

Her comments coincide with an IMF report showing that the UK tax burden is set to rise at the fastest rate in the G7.

Despite the tension, the UK government continues to participate in maritime security efforts in the Strait of Hormuz alongside its allies.