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Unlucky chancellor? Iran shock hits Reeves just as UK seemed to turn corner

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D onald Trump’s war on Iran is “folly” ; shadow chancellor Mel Stride should be “lined up for the sack”; and the Liberal Democrat Daisy Cooper’s plan for managing fuel shortages is “fundamentally economically illiterate”. Rachel Reeves has always relished a political fight, but in recent days she has been swinging at her opponents with what looks very much like enjoyment. Her team say the chancellor’s righteous anger is calculated. The consequences of the conflict may still be being felt in many months and she wants to hammer home two claims: that “we did not start this war and we did not join this war”, as Reeves told MPs this week; and that before the bombs started falling, the UK economy was on the up. “We have got to win the argument that the economy was turning the corner before the war and there was momentum behind it. We cannot lose that argument,” said a Treasury source.…

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