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…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”