Budget 2026 latest: Chancellor Healey to cut food costs in bid to deliver ‘everyday fixes’

The UK government announced planned tariff suspensions on more than 100 products, including some foods, fertiliser and kerosene, alongside other measures presented as cost-of-living support ahead of the 2026 Budget.

• The planned tariff cuts cover more than 100 products, including baked beans, chocolate, gherkins, garlic, fertilisers and kerosene.· 2 sources
• The Treasury estimated the tariff suspensions would reduce consumer costs by around £245 million to £595 million a year; another estimate put household food-shopping savings at about £21 annually.· 2 sources
• Other announced measures included a permanent 55p-per-mile tax-free rate for the first 10,000 business miles and expanded parental support for more than 150,000 parents a year.· 2 sources