Middle East crisis ‘likely’ to push UK inflation up, Rachel Reeves tells MPs

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UK inflation is likely to rise due to the Middle East crisis, according to Labour's Rachel Reeves, as Conservatives call for the chancellor to halt the planned rise in fuel duty.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Conservatives have called for chancellor to halt planned rise in fuel duty

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Original article published by Financial Times on March 9, 2026.
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