The Prime Minister will convene the emergency committee with representatives from the Bank of England.
Sir Keir Starmer will chair a meeting of the emergency Cobra committee on Tuesday, as he warned the impact of the Iran war could continue “for some time”.
The Prime Minister will convene the emergency committee with representatives from the Bank of England to discuss the war’s economic impact in the shadow of rising oil prices.
He told the Usdaw union’s conference in Lancashire on Monday that he had called the meeting “so you can be sure we will stand by working people in this crisis”.
Sir Keir said: “I have to level with you about Iran.
“The truth is the economic consequences could still be with us for some time.
“You don’t need to be a politician to know that, you can see it on every petrol forecourt across the country.”
