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The UK government will hold a meeting to assess the impact of the Middle East situation on its economy
At 27 local time, UK Prime Minister Starmer said that he will chair an emergency government meeting on the 28th to assess the impact on the UK economy of the United States and Israel’s military actions against Iran. The meeting will include representatives from institutions such as the Bank of England, with a focus on analyzing the shock the current situation may pose to UK energy prices, the inflation outlook, and overall economic operations. Starmer said that, influenced by the situation in the Middle East, fuel prices in the UK have already risen, and the related economic effects may continue to become apparent for some time. Analysts believe that as tensions in the Middle East remain tense, volatility in the energy market is increasing, and its spillover effects are gradually starting to affect the UK’s domestic economy, becoming one of the important factors driving inflation. (CCTV News)