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Treasury cuts duties on 125 essentials, helps low-income families

5/27/2026

Summary

Story summary

The Treasury will cut import duties on 125 everyday essentials to lower grocery costs for low-income families.
Chancellor Rachel Reeves launched a public consultation on the tariff cuts on Wednesday, with responses accepted until 24 June.
The Treasury estimates the duty removal will aid three million workers, including one million, and announced a fuel-duty freeze, a 55p-per-mile tax-free mileage rate, and a VAT reduction on children’s meals and red diesel.

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Story summary

The Treasury will cut import duties on 125 everyday essentials to lower grocery costs for low-income families.
Chancellor Rachel Reeves launched a public consultation on the tariff cuts on Wednesday, with responses accepted until 24 June.
The Treasury estimates the duty removal will aid three million workers, including one million, and announced a fuel-duty freeze, a 55p-per-mile tax-free mileage rate, and a VAT reduction on children’s meals and red diesel.