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Chancellor to the Exchequer Rachel Reeves spoke at the Treasury Committee meeting today, providing insights into the volatile British economy. She said that "it is a valid argument" that her increase of National Insurance in her first budget should not have happened. She also commented on youth unemployment which currently sits above 16%. Reeves spoke about the ongoing conflict in Iran and while she did not want to speculate on the economic impact the war would bring, she said that trade disruption from the region would not be good for the British economy. Read Daily Express: https://www.express.co.uk Like Daily Express on Facebook: / dailyexpress Follow Daily Express on X: https://x.com/Daily_Express Follow Daily Express on Instagram: / dailyexpress #DailyExpress #News #rachelreeves #ukpolitics #ukeconomy #iran #iranwar #usiran #labour #labourparty #treasurycommittee