UK finance minister Reeves announces measures to ease cost of living

British finance ​minister Rachel Reeves ​will on Thursday ‌set out ​measures to try to ease the cost of living, including ‌free bus fares for children and possible reductions on some food tariffs. * Children aged five to ‌15 in England will travel free on participating ‌local buses throughout August.


Reuters | Updated: 21-05-2026 03:00 IST | Created: 21-05-2026 03:00 IST
UK finance minister Reeves announces measures to ease cost of living

British finance ​minister Rachel Reeves ​will on Thursday ‌set out ​measures to try to ease the cost of living, including ‌free bus fares for children and possible reductions on some food tariffs. * Children aged five to ‌15 in England will travel free on participating ‌local buses throughout August. Government is committing £100 million to fund the plan

* Government is also seeking to ⁠cut ​tariffs on ⁠more than 100 types of products including biscuits, chocolate ⁠and dried fruit and nuts * Full list of products, ​expected to provide £150 million benefit for consumers, due ⁠next week

* Thursday's speech in parliament is part of ⁠efforts ​to help revive the Labour Party government's fortunes after heavy losses in recent local ⁠elections that have put Prime Minister Keir Starmer's position under ⁠threat * ⁠Government on Wednesday announced tax breaks on motor fuel and for hauliers

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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