British Chancellor Reeves Unveils Financial Package to Tackle Rising Costs
May 21, 2026
May 21, 2026
WASHINGTON, May 21 -- Speaking in the House of Commons, Chancellor of the Exchequer Rachel Reeves announced a multi-million-pound package of economic measures to support families and businesses facing rising costs due to the war in Iran. To protect strategic industries, she established a 350 million-pound Critical Chemicals Resilience Fund and a 120 million-pound fund for the ceramics sector.
The support extends to a 12-month road tax holiday for heavy goods vehicles, reduced duty o . . .
The support extends to a 12-month road tax holiday for heavy goods vehicles, reduced duty o . . .