Government consults on tariff cuts for 125 everyday essentials
The government has launched a consultation with retailers and other stakeholders on suspending tariffs on 125 everyday essentials.
Spanning fresh fruit and vegetables, oil, baked goods, chocolate, sauces, and soft drinks, the list includes items such as 0garlic, avocados, mangoes, nectarines, vegetable oil, olive oil and baked beans.
Subscribe to TRBThe list builds on the tariff suspension announced in April, which covered a selection of agricultural and food products. The government is also seeking views on whether suspending tariffs on certain fertilisers could help farmers cope with rising input costs driven by the conflict in the Middle East.
Alongside this, mileage rates are being uprated for the first time in 15 years to support people who use their own vehicle for work.
Chancellor of the Exchequer, Rachel Reeves, said: The war in Iran isn’t our war, but one we will need to respond to, and my priority is keeping prices down for households and businesses.
“That’s why we’re freezing fuel duty, increasing the mileage rate for the first time in 15 years and slashed VAT temporarily this summer to help reduce the cost of days out.”
The news follows a wider package of support rolled out by the Chancellor last week, including free bus travel for five to 15-year-olds in England, a VAT cut on children’s meals in restaurants, and reduced VAT on admissions to theatres, theme parks and other attractions.
