Spring forecast: Rachel Reeves to insist government has ‘right economic plan’, as Middle East crisis threatens inflation spike – live updates

Spring forecast: Rachel Reeves to insist government has ‘right economic plan’, as Middle East crisis threatens inflation spike – live updates - short news


Rolling coverage of the latest economic and financial news, including the UK’s spring forecast

Rachel Reeves’s plans could be hit by Middle East conflict, say economists

The oil price is rising again this morning, as the Middle East crisis threatens energy supplies.

Brent crude, the international benchmark, is up 3.2% at $80.24 a barrel, adding to Monday’s 7.2% rise.

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source: The Guardian - 03.03.2026

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