The PM met energy, shipping and banking chiefs at No10 as pump prices rise. They discussed measures to stabilise costs and secure fuel supplies, with assurances there’s no need to panic buy. Ministers seek a joint plan to protect motorists and airlines from further increases.

Talks on a UK-EU youth mobility scheme have hit deadlock. The UK wants a hard cap on under-30 visas; Brussels offers an emergency brake if numbers surge. Ministers are set to resist concessions over immigration concerns, despite polling that 45% would accept more Europeans for improved trade.

Polling finds half of voters have tightened their belts amid global tensions, cutting back on eating out, fuel, big purchases and home energy. Over a third report no change. Many back more North Sea oil and gas, while a majority support targeted energy help for the poorest.

Economists warn the UK faces a triple hit: growth cut to 0.7% in 2026 with recession risk, inflation at 4%—twice the Bank’s target—and an energy crunch from Gulf disruption. The squeeze threatens higher fuel and home energy bills, weaker wage growth, rising unemployment and a £10bn hole in public finances.