The Digester

Starmer is convening Cobra with ministers and financial leaders to explore every available government option to shield households from rising energy and borrowing costs caused by the Iran conflict.

Prime Minister Keir Starmer will chair a Cobra meeting to assess economic impacts and contingency measures from the US and Israel strikes on Iran.
The meeting will include the Bank of England, the chancellor, the energy secretary and the foreign secretary.
Downing Street said no immediate package of household financial support is expected after the meeting.
Energy prices and government borrowing costs have risen, and experts warn the shock could rival past major oil shocks.
Iran has targeted shipping and infrastructure and largely closed the strait of Hormuz, disrupting oil and gas flows to Europe.
Starmer has limited UK military involvement, seeks de escalation, and says the government will defend British lives while avoiding being drawn into the war.

Starmer vows to use every lever to ease cost-of-living hit from Iran conflict

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