Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock

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Keir Starmer has promised to look at using “every lever that’s available to the government” to help with the cost of living impacts of the US-Israel war against Iran, ahead of an emergency meeting with senior ministers later on Monday.

The prime minister is to chair a meeting of the Cobra committee on Monday afternoon, joining Andrew Bailey, the governor of the Bank of England, as well as Rachel Reeves, the chancellor, and the energy secretary, Ed Miliband, among others, to discuss possible contingency measures.