Chancellor of the Exchequer Rachel Reeves will detail a package of measures to ease cost-of-living pressures on Thursday, as the British government tries to limit the impact of the Iran war.
Reeves, who is expected to give a statement in Parliament at about 11:30 a.m., will announce plans including free bus travel for kids throughout August and the prospect of cuts to agri-food tariffs, the Treasury said in a statement, dubbing the interventions “Great British Summer Savings.” The moves come in addition to a freeze on fuel duty until the end of the year that was announced by Prime Minister Keir Starmer on Wednesday.