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Story summary
- British finance minister Rachel Reeves addressed economic challenges amid the Middle East conflict, emphasizing stability.
- In her budget update, she warned rising energy costs due to the U.S.-Israeli war against Iran.
- The Office for Budget Responsibility warned forecasts may be outdated as bond investors feared inflation.
- Despite a slight growth projection, concerns about debt and inflation persist.
- Analysts expect Reeves to face tough fiscal decisions ahead of the 2029 election.
