Daily Mail

Is that it? Rachel Reeves cuts VAT on trips to Legoland to help with Iran shock - but DROPS 'Soviet' shopping price cap plan and no energy bills help

Keir_Starmer

RachelReevesMP

Al Jazeera

UK launches ‘Great British Summer Savings’ to ease family costs

GB News

Rachel Reeves's 'Great British Summer Savings' scheme slammed as economy faces 'continued uncertainty'

The Telegraph

Labours Cost Of Living Policy Is Not Serious

Reevess Desperate Gimmicks Wont Buy Labour A Summer Of Love

GOV.UK

Great British Summer Savings: VAT slashed to save families money on days out

Great British Summer Savings 2026: Family activities VAT relief fact sheet

Cost of living boost with free bus travel for children and targeted food tariff cuts

Metaculus

UK economy grow by at least 2% in any year of the 59th parliament?

Ben Riley-Smith

Goldman Sachs

KPMG

Naomi Smith

Robert Colvile

UK Trade & Business Commission

Sharon Graham

Office for Budget Responsibility

"Today's #GDP growth figures are still a long way from @Keir_Starmer's target of 2.5% and it is far from clear that we are heading in the right direction."

"The OBR will drop the forecast for 2025/26 growth from 2% to around 1%."

"Labour are promising to be the fastest-growing country in the G7. And our growth forecast is 2% or less every single year of this parliament? Yeah, good luck with that."

"The economy is expected to grow by just over 1 per cent this year, rising to 2 per cent in 2025."

Research shows that "deep alignment with the EU on goods and services will deliver 2.2% economic growth to the UK."

"Closer ties with the EU could deliver growth of up to 2.2%. Clawing back up to half the damage caused by Brexit."

Will the UK Economy Grow By 2% GDP In a Year Under Labour?

The UK government launched the "Great British Summer Savings" scheme, temporarily cutting VAT from 20% to 5% on eligible activities from June 25 to Sept. 1, 2026. The program is estimated to cost around £300 million.

The UK government launched the "Great British Summer Savings" scheme, temporarily cutting VAT from 20% to 5% on eligible activities from June 25 to Sept. 1, 2026. The program is estimated to cost around £300 million.

The VAT reduction covers children's meals at restaurants, family and children's tickets for cinemas, theatres and concerts, and admission to attractions including theme parks, zoos, museums and soft play centres across England, Wales, Scotland and Northern Ireland.

The VAT reduction covers children's meals at restaurants, family and children's tickets for cinemas, theatres and concerts, and admission to attractions including theme parks, zoos, museums and soft play centres across England, Wales, Scotland and Northern Ireland.

Children aged 5 to 15 in England will be able to travel free on local bus services throughout August. The government has allocated more than £100 million to cover the cost of free fares and assist bus operators.

Guardian

guardian

Children aged 5 to 15 in England will be able to travel free on local bus services throughout August. The government has allocated more than £100 million to cover the cost of free fares and assist bus operators.

Chancellor Rachel Reeves also announced a suspension of import tariffs on more than 100 food products, including biscuits, chocolate, dried fruit and nuts, projected to deliver annual consumer savings exceeding £150 million.

Chancellor Rachel Reeves also announced a suspension of import tariffs on more than 100 food products, including biscuits, chocolate, dried fruit and nuts, projected to deliver annual consumer savings exceeding £150 million.

A plan to introduce voluntary price caps on grocery staples such as eggs and milk was abandoned after widespread criticism. M&S chief executive Stuart Machin called the proposal "completely preposterous," and Bank of England governor Andrew Bailey told MPs price caps were "not sustainable."

A plan to introduce voluntary price caps on grocery staples such as eggs and milk was abandoned after widespread criticism. M&S chief executive Stuart Machin called the proposal "completely preposterous," and Bank of England governor Andrew Bailey told MPs price caps were "not sustainable."

The Resolution Foundation said the fuel duty and vehicle tax measures announced alongside the scheme would primarily benefit higher-income households, with the wealthiest fifth gaining more than twice as much as the poorest fifth.

The Resolution Foundation said the fuel duty and vehicle tax measures announced alongside the scheme would primarily benefit higher-income households, with the wealthiest fifth gaining more than twice as much as the poorest fifth.

UK Cuts VAT for Summer in £300M Savings Scheme

UK Cuts VAT for Summer in £300M Savings Scheme

The Controversies

Graham

Riley-Smith

Colvile

Responsibility

Commission

Smith

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UK Cuts VAT for Summer in £300M Savings Scheme

UK Cuts VAT for Summer in £300M Savings Scheme

The Controversies

Graham

Riley-Smith

Colvile

Responsibility

Commission

Smith

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