British Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the war in Iran on Monday, with finance minister Rachel Reeves and Bank of England Governor Andrew Bailey in attendance, the government said, Reuters reported.
Investors are bracing for another stormy week in financial markets after Iran said it ‌would strike the energy and water systems of Gulf neighbours if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid.
Britain is watching with particular unease. The country's heavy dependence on imported natural gas, persistently high inflation and stretched public finances have pushed its government bonds into a far steeper decline than those of international peers, according to Reuters.
