All posts tagged: Finance (section)

Reeves says ‘I’m going to be straight with people’ in new warning | UK | News

Reeves says ‘I’m going to be straight with people’ in new warning | UK | News

Chancellor Rachel Reeves has issued a new warning to “British families and businesses,” saying the Iran War will come at a cost to people in the UK. It comes as US-Iran peace talks ended without a deal. Ms Reeves said that although the scale of the costs was not known, the Government was committed to providing support to those who need it. Britain will host further talks on reopening the vital Strait of Hormuz shipping lane with a coalition of countries next week. The meeting will continue the Government’s efforts to restore freedom of navigation in the strait, which serves as a shipping route for oil and gas. It comes after the Prime Minister spoke to Donald Trump about the need for a “practical plan” to get ships going through the area amid suggestions Iran wants to charge vessels for passage. US Vice President JD Vance was in Pakistan for peace negotiations with Iran, though a 21-hour session ended without an agreement in the early hours of Sunday. Mr Vance said Tehran refused to commit …