Reeves calls for Middle East de-escalation amid oil price fears

23/06/2025 14:31 The Guardian

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategyUK industrial strategy: the key pointsBusiness live – latest updatesRachel Reeves has called for de-escalation of the conflict in the Middle East, warning that rising global oil prices could hit the UK economy as she announced Labour’s long-awaited industrial strategy.Launching the policy package at an engineering business in Nuneaton alongside Keir Starmer and the business secretary, Jonathan Reynolds, Reeves acknowledged the potential impact on companies of the conflict. Continue reading...

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