UK PM Keir Starmer to meet ministers and Bank of England over rising costs as Iran war drives up energy and mortgage prices
LONDON: British Prime Minister Keir Starmer will next week convene an emergency meeting of senior ministers and Bank of England Governor Andrew Bailey to discuss plans to help households with the soaring cost of living caused by the war in Iran, the Times reported on Saturday.
A spokesperson for Starmer’s office and one for the Bank of England declined to comment on the report. Starmer is under pressure to assist UK consumers after the U.S.-Israeli war on Iran drove up petrol, energy and mortgage costs.
On Monday, he promised to support “working people” with cost-of-living pressures worsened by the conflict. As a start the government said it will provide a 53-million-pound ($70 million) package to help the most vulnerable households cope with the rising cost of heating oil.