Reeves: British economy can ride the impact

RACHEL Reeves insisted the economy can weather the impact of the Iran war, as fears mount over its impact on family finances.

- BY LIZZY BUCHAN

The Chancellor's Spring Statement on Tuesday was overshadowed by developments in the Middle East as experts warned the attacks could upend her economic plans.

But yesterday she said she had stabilised the public finances after the mess left by the Tories and that the UK was in a stronger position to face the turbulence as borrowing costs have fallen.

She said: “What is unfolding in the Middle East shows how important it is to have returned stability to the economy. I'm confident we can weather whatever is thrown at us. We are a strong economy.