Keir Starmer to hold emergency Cobra meeting in HOURS over impact from Iran war
Sir Keir Starmer is set to hold an emergency Cobra meeting in matter of hours to address the economic impact of the war in Iran.
The Prime Minister confirmed GB News yesterday the meeting will "look at the economic impacts of the war" - which Donald Trump has confirmed could end without the reopening of the Strait of Hormuz.
Sir Keir said the meeting will aim to "make sure that everything we need to have in place, everything is monitored and audited properly".
This is the "single most effective way to bring energy prices down," Sir Keir said.
The emergency meetings come as fuel prices are still sitting at above $100 (£75) amid the continued closure of the pivotal strait.
He had told business chiefs in Downing Street on Monday to pitch in with a "joint effort" to tackle the impact of the war, saying the Government "can't do it on its own".
"The Government can’t do it on its own. You can’t do it on your own," he told the room of executives from firms such as Shell, BP, HSBC, Goldman Sachs and shipping giant Maersk.
"We’re going to have to work together on this."
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GDP growth for 2025 REVEALED as ONS confirms UK economy barely grew under Rachel Reeves
The UK's gross domestic product (GDP) rate grew 1.4 per cent over 2025 with the economy "growing a little" last year, according to the latest figures from the Office for National Statistics (ONS).
Based on the latest figures from the statistics body, economic growth over the period jumped by unrevised 0.1 per cent in the final quarter of 2025 as Chancellor Rachel Reeves attempts to bolster the economy.
Notably, the ONS kept its forecast for the October to December quarter unchanged, after an unrevised growth of 0.1 per cent in the previous three months.
However, the institution raised its projection for the year as a whole to 1.4 per cent, up from the previous growth of 1.3 per cent recorded for 2025.
READ THE FULL BREAKING STORY HERE.
What's on Labour's agenda today?
The big event for the day will be the emergency Cobra meeting, announced by Sir Keir Starmer yesterday. He said the meeting will "look at the economic impacts of the war."
The Conservatives are launching a draft "Get Britain Drilling Now Bill," and GB News will be joined by Shadow Scottish Secretary Andrew Bowie at at around 8.05am to discuss this further.
Reform UK's Nigel Farage and Robert Jenrick are expected to be in action again. They'll be drumming up support for new cost-of-living plans.
Today also marks the deadline for the grooming gangs inquiry to publish its final terms of reference. It should mean the start of the three-year national inquiry.
Finally, at midnight last night, Rishi Sunak's 2023 three-year migrant deal with France expired. Talks are said to have hit a standstill...
READ THE FULL STORY ON THE MIGRANT DEAL HERE
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