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.

 The Sun Malaysia