LONDON (Web Desk) – The UK government has introduced a series of measures to support households amid rising global inflation linked to tensions in the Middle East.
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Prime Minister Keir Starmer said the government is working with international partners to reduce economic pressures caused by disruptions in global energy markets.
From April, energy bills for households are set to fall by an average of £117 annually under a revised price cap, while broader efforts are under way to ease the cost of living and support vulnerable groups.
The government has also engaged with leaders from the energy, shipping and insurance sectors and convened emergency COBRA meetings to assess the impact of the crisis.
Officials warn that the conflict involving Iran has pushed up oil and gas prices globally, increasing the risk of higher inflation, particularly in food, transport and household energy costs.
The prime minister acknowledged public concern over rising prices, stating that stabilising global energy supplies and easing tensions remains key to controlling costs.
