Watch LIVE as Rachel Reeves updates on energy prices

Описание: The Chancellor will be giving a statement on the economic impact of the war in the Middle East.

It comes after the Prime Minister's emergency Cobra meeting on Monday, which focused on the cost of living following the start of the conflict.

The government has already been forced to act since the war began because of the spike in oil and gas prices, providing £53 million to help the most vulnerable deal with the increasing cost of heating oil.

Around 1.5 million households rely on heating oil, but the price isn't capped by the regulator Ofgem, so they were more exposed to the sudden jump.

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