UK Chancellor Rachel Reeves has announced that the government will reveal a business support package within days to help companies cope with surging energy costs, which she described as having transformed from a security crisis into a global economic shock. Writing in the Sunday Times, Reeves linked the pressure to the tightening of energy markets and the disruption of key shipping routes, including the Strait of Hormuz, which have driven up fuel prices and spread inflationary strain across transport, goods, and services. The government has already begun implementing measures — including cutting energy bills, freezing fuel duty, and expanding regulatory powers to combat unjustified price increases — while preparing the forthcoming plan to balance business relief with long-term fiscal discipline.