𝓤𝓷𝓲𝓽𝓮𝓭 𝓝𝓮𝔀𝓼

Prime Ministerg Keir Starmer will hold an emergency meeting with Government colleagues and senior officials today, as experts warned the cost of food is expected to soar because of the ongoing war against Iran.

Chancellor Rachel Reeves, Energy Secretary Ed Miliband and Bank of England governor Andrew Bailey will be among those attending the Government’s emergency committee, known as COBR, to consider the economic impacts of the Gulf conflict.

The National Farmers’ Union has warned that food prices in the UK are likely to rise.

Housing Secretary Steve Reed attempted to downplay fears that petrol will need to be rationed as he insisted there was currently no need for such drastic measures, but he said the Government was “monitoring this situation hour by hour” and added: “There are contingency plans”.

The chief executive of Centrica, which owns British Gas, warned global oil supplies are down 20% because of the conflict,