Cost of living in United Kingdom

UK energy bills

Lib Dems propose discounted basic energy allowance for all households

The party says its Essential Energy Guarantee would cut average household bills by £100 a year, with larger savings for those in greatest need

Cost of living

VAT cut to lower some family days out this summer

Rachel Reeves said VAT will fall from 20% to 5% on selected attractions, children’s meals and entertainment, but businesses will decide whether to pass on the savings

UK cost pressures

UK prices could stay higher for eight months after Iran war, minister says

Darren Jones said ministers are planning for supply-chain disruption, though price pressure is seen as more likely than empty supermarket shelves