Free bus trips and chocolate tax cuts to be announced

Chancellor Rachel Reeves will make a series of announcemenrs aimed at relieving cost-of-living pressures.

Closing tax loophole for oil groups will fund cost of living package, says Reeves

Chancellor sets out sweeping package of measures aimed at helping businesses and families

Rich already being taxed properly, says minister, as Streeting calls for ‘wealth tax that works’– UK politics live

Treasury’s Lucy Rigby says Rachel Reeves introduced measures in her first budget as Streeting calls for capital gains rates to be aligned with income tax Good morning. It’s a big day for Rachel Reeves, the chancellor. In a Commons statement, she is announcing a series of measures to help people with the cost of living. She wants people to enjoy a “Great British summer”, she says. Reeves’s plan for what makes for a good summer is not quite the same as Samantha Niblett’s; the chancellor is talk...

By Andrew Sparrow

Politics latest: Reeves to cut food costs and offer free children’s bus rides in cost of living package

The chancellor will announce a range of policies on Thursday to try and combat the economic impact of Donald Trump’s war with Iran

By Alex Croft and Kate Devlin