Sir Keir Starmer will address the nation later this morning at a Downing Street conference covering the war in Iran and its impact on the cost of living.
The press conference also comes after US President Donald Trump launched a scathing attack on the UK over its decision not to join his strikes on the Middle East.
It will be the third time the Prime Minister has appeared in the No 9 Downing Street briefing room to give an update on the situation.
Starmer is expected to speak at 10am today.
He is likely to highlight the fall in energy bills today, despite the spike in oil and gas prices resulting from the conflict.
That is down to the fall in the Ofgem energy price cap, which was set before the US and Israel launched their opening strikes on Tehran at the end of February.
Until June 30, the cap is set at £1,641 for an average dual-fuel UK household, a reduction of 6.6% from the previous quarter.
The PM will likely try to set out why this fall is the result of decisions made by his government.
He may also highlight other cost-of-living changes coming into effect today, such as the increase in the National Living Wage for those aged 21 and over and the Minimum Wage for younger people.
However, he will almost certainly be grilled by journalists on the latest rant from Donald Trump, who singled out the UK in a vitriolic post on his Truth Social platform yesterday.
The president told countries who ‘can’t get jet fuel because of the Strait of Hormuz’ to either buy from the US or ‘build up some delayed courage, go to the Strait, and just TAKE IT’.
He added: ‘You’ll have to start learning how to fight for yourself, the USA won’t be there to help you anymore, just like you weren’t there for us.’
British trade body Fuels Industry UK said the supply of jet fuel ‘remains stable in the UK’ and its members ‘are working hard to ensure that remains the case’.
The war continues to push up fuel prices, with the cost of filling up a 55-litre family car with diesel rising past the £100 mark.
According to figures from the RAC, the average diesel price at UK forecourts was up 40p since the conflict began to £182.8p per litre.
The average cost of petrol, meanwhile, is up 20p to 152p per litre.
Speaking on BBC Breakfast, Chancellor Rachel Reeves said she had to be ‘careful’ with cuts to fuel duty or VAT on petrol as it would risk pushing up inflation.
Reeves also said any future government support for households would need to be based on income.
She told the programme: ‘I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support. That makes no sense at all.’
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