Starmer Vows to Tackle Surging Costs from Iran Conflict
UK PM to lead Cobra meeting on cost-of-living crisis sparked by US-Israel war against Iran, as experts warn of major economic shockwaves.
Keir Starmer, the UK's opposition leader, has promised to explore every available government lever to help alleviate the rising cost-of-living impacts stemming from the ongoing US-Israel conflict with Iran. This comes ahead of an emergency Cobra committee meeting scheduled for Monday, where the Prime Minister will convene with key ministers and the Bank of England Governor to discuss potential contingency measures.
The meeting comes as experts warn of an impending economic shock that could prove even worse than the oil crises of the 1970s and the recent Ukraine war combined. Starmer has acknowledged the grave challenges facing households and businesses, stating the government must utilize every tool available to ease the surging costs of living.
Source: The Guardian
