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UK PM Starmer to discuss Iran war impact with Bank of England

Published by Global Banking & Finance Review

Posted on April 27, 2026

1 min read

· Last updated: April 27, 2026

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UK PM Starmer to discuss Iran war impact with Bank of England
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UK PM Starmer, Bank of England Convene on Iran War's Economic Impact

Government Response to Economic Challenges Amid Iran Conflict

Emergency Committee Meeting Announcement

LONDON, April 27 (Reuters) - British Prime Minister Keir Starmer will host representatives from the Bank of England on Tuesday at a meeting of the government's emergency response committee focused on the impact of the war in Iran.

Starmer's Commitment to Supporting Citizens

"Tomorrow I'm chairing a meeting of Cobra on the impact (of the war), bringing in people from the Bank of England, so that you can be sure we will stand by working people in this crisis," Starmer said on Monday in a speech to trade union members.

Economic Consequences and Rising Prices

"I have to level with you about Iran, because the truth is, the economic consequences could still be with us for some time," he added, citing fuel as one example of where prices have risen already.

Reporting and Editorial Credits

(Reporting by Sam Tabahriti, Writing by William James; Editing by Kate Holton)

Key Takeaways

  • Starmer is convening an emergency COBRA meeting with Bank of England officials to evaluate the economic consequences of the Iran war, notably on cost of living.
  • The Bank of England warns the conflict may impose higher mortgage payments on over 1.3 million households amid a substantial negative supply shock.
  • The government is exploring targeted interventions—such as anti-profiteering measures and support on fuel prices—to shield working people from lasting economic distress.

Frequently Asked Questions

Why is UK Prime Minister Keir Starmer meeting the Bank of England?
Keir Starmer is meeting with the Bank of England to discuss the economic impact of the ongoing war in Iran and to plan the UK's crisis response.
What topics will be discussed in the Cobra emergency meeting?
The meeting will focus on the economic consequences of the Iran war, such as rising fuel prices and measures to support working people.
How has the Iran war affected the UK economy so far?
The Iran war has already caused an increase in fuel prices, with broader economic consequences expected to continue.
Who will attend the government's emergency response committee meeting?
Representatives from the Bank of England and other government officials will attend the Cobra committee meeting chaired by Keir Starmer.
What support will be available for UK citizens during this crisis?
The government plans to stand by working people and address economic challenges resulting from the Iran war.

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