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Plans to slash energy bills by up to 25% for over 7,000 UK businesses will be announced alongside other plans to boost growth.
Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.
Iran's Press TV had earlier reported that parliament had approved a plan to close the Strait.
The Reform UK leader says money raised from the policy would go to the lowest-paid 10% of full-time workers.
The world's second largest economy is both the biggest producer and buyer of EVs.

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