Reeves says Middle East conflict impact is still unclear

Rachel Reeves says it is too soon to judge the Middle East conflict's impact on the UK economy. Officials are now monitoring several scenarios for inflation and growth.

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British Finance Minister Rachel Reeves stated on Wednesday that it is currently premature to determine the full economic consequences of the ongoing conflict in the Middle East for the United Kingdom. Speaking to lawmakers in London, Reeves emphasized the need for caution when projecting how geopolitical instability might influence domestic financial indicators.

Chancellor Rachel Reeves participates in a G7 Finance Ministers video call from Downing Street, London, in March 2026. Photo: Alberto Pezzali/Pool via REUTERS
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