Reeves to face MPs’ grilling over cost-of-living pressures – UK politics live
Chancellor to take Treasury questions amid market turbulence linked to Middle East conflictGood morning and welcome to our live coverage of UK politics. The chancellor, Rachel Reeves, and the prime minister, Keir Starmer, indicated yesterday that the government could be prepared to intervene to...
<p>Chancellor to take Treasury questions amid market turbulence linked to Middle East conflict</p><p>Good morning and welcome to our live coverage of UK politics. The chancellor, <strong>Rachel Reeves</strong>, and the prime minister, <strong>Keir Starmer</strong>, indicated yesterday that the government could be prepared to intervene to protect UK households against major cost-of-living shocks to come at the next energy price cap, as Brent crude, the international benchmark, <a href="https://www.theguardian.com/business/2026/mar/10/oil-prices-drop-trump-iran-war">surged as high as $119.50 a barrel on Monday</a>.</p><p>Brent then slid back to about $91 when Donald Trump described the US-Israeli war on Iran as <a href="https://www.theguardian.com/world/2026/mar/09/us-israel-strikes-iran-supreme-leader">“very complete, pretty much”</a> in an interview with CBS News yesterday evening.</p> <a href="https://www.theguardian.com/politics/live/2026/mar/10/cost-of-living-middle-east-inflation-reeves-starmer-labour-lammy-courts-reform-uk-politics-live-news-updates">Continue reading...</a>
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