Conservative leader Kemi Badenoch sharply criticised Chancellor Rachel Reeves, accusing her of being “oblivious” to the cost of living crisis.
Badenoch Blasts Reeves over comments in The Independent, where Reeves claimed her policies would reduce household bills this week. The Tory leader called the chancellor’s words “politically tone-deaf” and argued they ignored the daily struggles of ordinary families.
She added that Reeves’ statements reflected “classic Rachel Reeves: far too pleased with herself” and dismissed them as “managerial mush.” Furthermore, Badenoch criticised the chancellor for failing to take responsibility for economic challenges she said were self-inflicted.
Reeves attributed rising costs and low growth to “global turbulence,” but Badenoch argued that poor government choices caused the problems. In her Independent article, Badenoch wrote that the biggest issue was the government’s inability to control taxes and boost business confidence.
Meanwhile, political tensions escalated over the UK’s response to Donald Trump’s war on Iran, which has affected global energy markets. Sir Keir Starmer plans to meet senior representatives from energy, shipping, and financial sectors to discuss the economic impact.
Downing Street said the meeting would allow ministers to hear directly from businesses and plan joint government-industry responses. Oil prices have spiked due to Iran’s blockade of the Strait of Hormuz, raising inflation and slowing UK economic growth.
Petrol prices have risen sharply, and some developing countries imposed fuel restrictions, prompting concerns about UK supply. Despite this, Education Secretary Bridget Phillipson told drivers to fill up normally, downplaying fears of shortages.
Reeves confirmed plans for a 5p fuel duty increase in September, but she has introduced no further measures to lower bills. In contrast, Tories and Reform criticised the government for blocking drilling in North Sea fields, including Jackdaw and Rosebank.
Reeves stated her Budget measures would help the elderly and low-paid workers, promising an average £117 off energy bills. She added the state pension will rise up to £575 this year, commuter train fares will stay frozen, and the National Living Wage will increase.
Reeves also emphasised monitoring petrol retailers to prevent unfair price hikes and mentioned potential new powers to tackle price gouging. Badenoch Blasts Reeves repeatedly, arguing these steps fall short and families continue to face real financial pressures.
Overall, the row highlights deep divisions over the UK’s energy strategy and cost of living policies amid global crises.
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