Rachel Reeves Warns of War Costs

The Chancellor's comments come as economists worry that the conflict could exacerbate inflation and slow economic growth in the UK. Reeves emphasized that the immediate priority is to ensure the ceasefire holds to prevent further market volatility.

The government is reportedly considering a support package to help households manage rising energy bills in the upcoming budget.

Business leaders have called for urgent clarity on these plans as they struggle with increased operational costs and supply chain disruptions.