1 revisions for "The Chancellor Says Britain's Fuel Is Fine. The Numbers Tell a More Complicated Story."
Chancellor Rachel Reeves has insisted the UK faces no fuel supply problems, framing the impact of the Strait of Hormuz closure as purely a price issue. But with domestic refining capacity at historic lows, fuel reserves well below international benchmarks, and Shell's CEO warning that Europe's real supply crunch begins in late April, the gap between official reassurance and industry alarm is widening fast.