Keir Starmer has declared that ministers will examine "every lever" at their disposal to assist people with the cost of living, as the Cobra emergency committee convenes this afternoon to address the war in Iran.
Focus on Economic Consequences
In a pooled television interview during a morning visit, the Labour leader emphasised that while Cobra meetings typically handle military and consular matters, the current conflict in Iran has heightened public anxiety about its domestic financial repercussions. He stated that the session will prioritise the economic fallout, ensuring that all government tools to mitigate living expenses are thoroughly debated.
Public Concerns at the Forefront
Starmer highlighted that the cost of living remains the top issue for citizens nationwide, stressing the government's commitment to keeping it central in decision-making during this challenging period. He noted the inclusion of entities like the Bank of England in the discussions to bolster efforts.
Meanwhile, financial markets have been volatile, with the FTSE 100 share index plunging into correction territory following former President Trump's ultimatum on Iran, and expectations of four UK interest rate hikes this year adding to economic pressures.
