Transport secretary ‘100% sure’ new cap on bus fares in England is fully funded – UK politics live
Earlier this week, Burnham’s new government faced questions about how the removal of VAT on electricity bills would be funded
UK inflation dropped by more than expected in June to 2.6%, in a boost for Burnham’s plans to reduce the cost of living.
The new prime minister has pledged to bring down the cost of living to give households more disposable income and improve the outlook for the economy, announcing a winter VAT cut on electricity bills and lowering the cap on bus fares in England.
Food prices fell this month, driven by products including chocolate, margarine and beef. Clothing prices also fell with the start of summer sales, with bigger discounts than last year.
The cost of raw materials dipped for the first time since January, mainly due to the lower price of crude oil, while the increase in the costs of goods leaving factories slowed again.
To read the full story from the source: The Guardian – World
