Chancellor Rachel Reeves' claims of petrol pump 'profiteering' amid Iran war slapped down by competition watchdog, sparking fresh accusations she's the 'real profiteer' as her VAT windfall hits £350million thanks to rocketing prices

Chancellor Rachel Reeves faced criticism from the UK Competition and Markets Authority for claiming petrol pump 'profiteering' during the Iran war. Critics allege she benefits as the 'real profiteer' due to a £350 million VAT windfall linked to rising fuel prices.