PREVIEW

UK Chancellor Slams Trump’s Iran War as Costs Rise at Home. UK Chancellor Rachel Reeves says she is “angry” at Donald Trump for launching a war with Iran, warning there is no clear exit plan and that the fallout is already hitting ordinary people. She says the conflict is driving inflation higher, slowing economic growth, and cutting government revenues — adding pressure to the UK’s cost-of-living crisis. Tensions between Washington and London have worsened after Prime Minister Keir Starmer refused deeper military involvement. While the UK allowed defensive use of its bases, it rejected offensive operations — drawing repeated criticism from Trump. Reeves says the government is now focused on securing oil and gas supplies to stabilise prices, as Iran’s disruption of the Strait of Hormuz sends global energy costs soaring. At home, political pressure is building. Opposition parties are demanding tax cuts, subsidies, or clearer support plans as energy bills are expected to rise again in July. Meanwhile, Starmer is pushing for closer economic ties with Europe, arguing that global instability makes stronger alliances essential. With oil prices climbing and no clear end to the conflict, the economic impact is only just beginning.
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