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Prime Minister Andy Burnham has announced VAT cuts on household electricity and a £2 bus fare cap as part of efforts to ease cost-of-living pressures facing British households.
President Trump imposed 50% tariffs on most Canadian goods, citing unfair discrimination against American products including autos, alcohol, and dairy.
A record 62% of low-income households in the UK report struggling to purchase essentials like food, clothing, and heating, affecting approximately 7.4 million families four years into the cost-of-living crisis.
UK inflation dropped to 2.6% in June, beating economist forecasts of 2.7%, as fuel and clothing prices fell, providing relief for Prime Minister Andy Burnham’s cost-of-living agenda.
The English government will implement a 20% business rates cut for pubs, clubs, and music venues starting next April, expected to save around 32,000 establishments approximately £1,100 annually.
A group of 120 millionaires, including Gary Lineker and Brian Eno, have written to Prime Minister Andy Burnham urging him to impose higher taxes on the wealthy to fund public investment and reduce inequality.