UPDATE: Reeves says she is prepared to back the release of International Energy Agency oil reserves following a meeting with her G7 finance minister counterparts earlier today. She adds that the price cap for domestic bills will not change next month. But warns that the Iran conflict will have “upward pressure on inflation”, so buckle up…
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The G7 will not dip into its stockpiles of oil and gas after a call between its constituent nations’ finance ministers, according to French Finance Minister Roland Lescure. They spoke – including Reeves – in the past hour to discuss the possibility…
The International Energy Agency co-ordinates activity of the G7 Strategic Petroleum Reserve. During the call finance ministers rejected a reported effort by the IEA to distribute the reserve and instead settles on monitoring the energy markets…
Home Secretary Shabana Mahmood introduced her speech on migration reforms at the IPPR:
“There’s no denying we meet at a difficult time for my party.”