Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 9 March 2026

Debate

Middle East: Economic Update

Contribution

As the former Chancellor, the right hon. Member for Godalming and Ash (Sir Jeremy Hunt), said, it is too early to know the impact of this. The key is de-escalation and getting vessels flowing through the strait of Hormuz. The hon. Lady will have heard me say that heating oil is uniquely affected. People who use heating oil will get the benefits in their electricity bills, but I urge her to attend the meeting on Wednesday to put the case of her constituent to the Financial Secretary to the Treasury.

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