Sir Keir Starmer is set to hold an emergency Cobra meeting in a matter of hours to address the economic impact of the war in Iran.
The Prime Minister confirmed GB News yesterday the meeting will "look at the economic impacts of the war" - which Donald Trump has confirmed could end without the reopening of the Strait of Hormuz.
Sir Keir said the meeting will aim to "make sure that everything we need to have in place, everything is monitored and audited properly".
This is the "single most effective way to bring energy prices down," Sir Keir said.
The emergency meetings come as fuel prices are still sitting at above $100 (£75) amid the continued closure of the pivotal strait.
He had told business chiefs in Downing Street on Monday to pitch in with a "joint effort" to tackle the impact of the war, saying the Government "can't do it on its own".
"The Government can’t do it on its own. You can’t do it on your own," he told the room of executives from firms such as Shell, BP, HSBC, Goldman Sachs and shipping giant Maersk.
"We’re going to have to work together on this."
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'The NHS needs to be there for the population!' Says healthcare chief
Sir Jim Mackey, chief executive of NHS England, has expressed his disappointment with the latest breakdown in talks between the Government and resident doctors, resulting in another six-day walkout next month.
"We were all very disappointed when the decision was made last week to reject it and immediately go to strikes," Sir Jim told LBC.
"That said it’s not over yet.
"Colleagues will meet today and I really hope that we can reach agreement because it has been very, very disruptive for everybody.
"The NHS needs to be there for the population, so the disconnect with the population has been the big concern over recent years."
WATCH: Andrew Bowie tells GB News the public will be 'aghast' at Rachel Reeves's 'profiteering'
Government has 'shifted the goalposts' of pay offer 'at the very last minute,' says union boss
The Government has been accused of "shifting the goalposts" of its pay offer to resident doctors "at the very last minute," according to British Medical Association resident doctors' committee chief Dr Jack Fletcher.
Sir Keir Starmer is said to have issued resident doctors a 48-hour ultimatum yesterday and accused them of "recklessly" walking away from a pay deal after they announced a latest round of strikes, set to last six days in the second week of April.
Dr Fletcher told the BBC: "In the very last minute, the Government has shifted the goal posts of the pay offer that they were discussing, that we were discussing collectively a few months ago. I am very, very happy and willing to sit down and talk constructively once again. We’ve made clear to the Government what it would take to essentially get back to where we were."
He added: "I think making threats about withholding jobs from doctors and essentially stopping doctors from caring for patients, I don’t think is a realistic way or a credible way of ending this dispute.
"It will end in a negotiating room – I’m very happy to sit down with the Government at any point to try and negotiate a settlement, but I don’t think that’s done by writing in newspapers and issuing threats unilaterally."
Asked if he was initially in favour of putting the pay offer to members, Dr Fletcher said: "Two weeks ago, the Government took that investment, reduced it, and then stretched it over three years. That is a very, very, very different outcome to the one that we were discussing just two weeks ago."
He added: "I’ve been really clear to the Health Secretary in person last week that this does not represent a credible offer, and it does not go far enough."
GDP growth for 2025 REVEALED as ONS confirms UK economy barely grew under Rachel Reeves
The UK's gross domestic product (GDP) rate grew 1.4 per cent over 2025 with the economy "growing a little" last year, according to the latest figures from the Office for National Statistics (ONS).
Based on the latest figures from the statistics body, economic growth over the period jumped by unrevised 0.1 per cent in the final quarter of 2025 as Chancellor Rachel Reeves attempts to bolster the economy.
Notably, the ONS kept its forecast for the October to December quarter unchanged, after an unrevised growth of 0.1 per cent in the previous three months.
However, the institution raised its projection for the year as a whole to 1.4 per cent, up from the previous growth of 1.3 per cent recorded for 2025.
What's on Labour's agenda today?
The big event for the day will be the emergency Cobra meeting, announced by Sir Keir Starmer yesterday. He said the meeting will "look at the economic impacts of the war."
The Conservatives are launching a draft "Get Britain Drilling Now Bill," and GB News will be joined by Shadow Scottish Secretary Andrew Bowie at at around 8.05am to discuss this further.
Reform UK's Nigel Farage and Robert Jenrick are expected to be in action again. They'll be drumming up support for new cost-of-living plans.
Today also marks the deadline for the grooming gangs inquiry to publish its final terms of reference. It should mean the start of the three-year national inquiry.
Finally, at midnight last night, Rishi Sunak's 2023 three-year migrant deal with France expired. Talks are said to have hit a standstill...
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