Chancellor Rachel Reeves has announced that over 100 'everyday essentials' will fall in price thanks to tariff cuts on imports. The list includes fresh fruit and vegetables, oils, baked goods, chocolate, sauces, and soft drinks.
Chancellor's Statement
Reeves stated: “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.”
Full List of 125 Items in Proposed Cuts
Fresh and Dried Fruits
- Garlic
- Gherkins
- Aubergines
- Sweet peppers
- Other peppers (capsicum/pimenta)
- Olives (fresh/chilled)
- Olives (for oil production)
- Olives (frozen)
- Plantains (fresh and dried)
- Bananas (fresh and dried)
- Limes
- Citrus fruits (various)
- Avocados
- Fresh figs
- Dried figs
- Other fresh fruits
- Frozen fruits
- Dried apricots
- Dried apples
- Dried peaches/nectarines
- Dried pears
- Dried papaya
- Mixed dried fruit
Nuts and Grains
- Mixed nuts
- Mixed fruit and nuts
- Green tea
- Buckwheat
- Fonio
- Quinoa
Oils and Fats
- Olive oil (extra virgin)
- Olive oil (virgin)
- Olive oil (other)
- Margarine
- Mixed fats and oils
- Vegetable oils
Confectionery
- Chewing gum
- Liquorice products
- White chocolate
- Marzipan and pastes
- Throat pastilles
- Sugar confectionery
- Boiled sweets
- Toffees and caramels
- Sugar tablets
Cocoa and Chocolate
- Cocoa paste
- Cocoa powder
- Chocolate (bulk and retail)
- Chocolate bars
- Chocolate with fruit, nuts or cereal
- Chocolate spreads
- Chocolate drink preparations
Bakery and Grains
- Couscous
- Crispbread
- Gingerbread
- Biscuits
- Waffles and wafers
- Rusks
- Toasted bread products
- Bread
- Pizzas and quiches
Prepared Foods and Condiments
- Pickled peppers
- Prepared vegetables
- Crisps
- Processed potatoes
- Baked beans
- Preserved beans
- Preserved vegetables
- Preserved tropical fruit
- Candied fruit
- Jams and marmalades
- Preserved citrus fruits
- Mixed preserved fruit and nuts
- Tomato ketchup
- Tomato sauces
- Soups and broths
Beverages
- Non-alcoholic beverages
- Plant-based drinks
No date has been set for when the cuts will come into effect.
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