Exclusive: Rachel Reeves on Iran Shock, US Trade and Inflation Risks

Exclusive: Rachel Reeves on Iran Shock, US Trade and Inflation Risks

From Trumponomics by Bloomberg

March 3, 2026 · 25 min

About this episode

Chancellor Rachel Reeves discusses the UK's economic future and its trade deal with the US amidst the conflict in Iran.

On this bonus episode, Chancellor Rachel Reeves says Britain's pending trade deal with the US won't affect its view on the conflict with Iran, as she discusses the UK's economic future. The chancellor sat down with Bloomberg's Head of Economics and Government Stephanie Flanders after issuing her Spring Statement on Tuesday, as she seeks to convince markets and voters that Britain’s public finances are resilient enough to weather the fallout from the conflict in Iran and rising global energy prices. See omnystudio.com/listener for privacy information.

People in this episode

Host: Stephanie Flanders

Guest: Rachel Reeves

Topics covered

  • UK economy
  • US trade
  • Iran conflict
  • inflation risks
  • public finances

Keywords

  • Rachel Reeves
  • UK economy
  • US trade
  • Iran
  • inflation
  • public finances
  • energy prices

Mentioned in this episode

Organizations: Bloomberg

Places: Britain, US, Iran

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