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UK Cuts Tariffs
- The measures are a response to rising costs from the Iran conflict and President Donald Trump’s Middle East war.
- The UK government announced a package cutting tariffs on 100 food items and offering August bus travel for children five-to-fifteen.
- National Statistics said CPI inflation fell to 2.8% in April, the lowest since March 2025.
- Cornwall Insight forecasts the price cap will rise 13% to £1,850 for a household.
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