LONDON, March 9 (Reuters) - A rapid de-escalation in the Middle East is the best way to protect Britain from rising energy prices, finance minister Rachel Reeves said, adding that she would keep
UK Finance Minister Calls for Middle East De-escalation to Lower Energy Prices
Finance Minister's Statement on Energy Prices and Market Vigilance
Concerns Over Rising Energy Prices
LONDON, March 9 (Reuters) - A rapid de-escalation in the Middle East is the best way to protect Britain from rising energy prices, finance minister Rachel Reeves said, adding that she would keep monitoring prices after a spike in the price of oil.
Government Response and Monitoring
"I am clear that the best way to keep prices at the pump low is rapid de-escalation, and I will continue to monitor prices as the situation develops," Reeves told lawmakers, adding she had asked regulators to be vigilant on prices for essentials like road fuel.
Warning Against Exploitation
"I will not tolerate any company exploiting the current crisis to make excess profits at consumers' expense."
Reporting Credits
(Reporting by William James and Catarina Demony, writing by Alistair Smout)
