"Contingency planning is taking place for every eventuality so that we can keep costs down for everyone and provide support for those who need it most, acting within our iron-clad fiscal rules to keep inflation and interest rates as low as possible."
"This is not a war that we started, nor is it a war that we joined... but it is a war that will have an impact on our country."
"The challenges may be significant, but I promise to do what is right and fair, being responsive in a changing world and responsible in the national interest."
The conflict in Iran is causing a surge in oil and gas prices, leading to increased fuel costs and concerns about higher domestic energy bills. The government is preparing contingency plans to assist vulnerable households as the energy price cap is set to expire in June. Rachel Reeves emphasized the importance of targeted assistance amid rising global energy prices. The Chancellor assured that planning is underway to manage costs and support those in need while maintaining fiscal responsibility to keep inflation and interest rates low.
Read at London Business News | Londonlovesbusiness.com
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