"No matter how fierce this storm we are well-placed to weather it and we have a long-term plan to emerge from it a stronger and more secure nation."
"The government has been 'ahead of the game' in its focus on the cost-of-living, with measures aimed at easing financial burdens on households."
"A lot will depend on how long the conflict goes on and how quickly the Strait of Hormuz can be reopened."
The UK government plans to strengthen economic ties with the European Union due to the ongoing war in Iran. Prime Minister Sir Keir Starmer announced intentions to enhance cooperation on economic and security matters during an upcoming summit. He acknowledged the conflict's potential impact on the UK and emphasized measures to alleviate the cost of living, including removing green levies from energy bills and raising the national living wage. Opposition parties are urging immediate action to protect citizens from rising energy costs.
Read at www.bbc.com
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