UK Prime Minister to discuss Iran war impact with Bank of England

The UK government is convening an emergency committee to assess how the Iran war is affecting the economy, including rising fuel prices. Prime Minister Keir Starmer says authorities aim to protect working people from the crisis’ financial fallout.

Reuters

April 27, 2026

UK Prime Minister to discuss Iran war impact with Bank of England

British Prime Minister Keir Starmer delivers a speech in North-West England, April 27, 2026.

Temilade Adelaja/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.

"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.

"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 by Sam Tabahriti, Writing by William James; Editing by Kate Holton/Reuters