NewsPoliticsRachel Reeves MPLIVEUpdated 11 mins agoThe Chancellor, fresh from a heckling by an angry member of the public on Wednesday, is set to unveil the Government's cost of living package in the House of Commons todayRachel Reeves is set to unveil the Government's cost of living package(Image: POOL/AFP via Getty Images)Rachel Reeves is set to unveil the Government's cost of living strategy this morning as the Chancellor faces pressure over energy bills and food prices.Ms Reeves, who was yesterday heckled by a member of the public, will set out the cost of living package to MPs in the House of Commons later this morning, and is expected to appear in the chamber by around 11.30am. She has so far teased several potential policies, including free summer bus rides for children and tariff cuts on some food imports.Before the speech, Ms Reeves said: “My number one priority is protecting households from rising costs. This summer I want every family to be able to enjoy themselves, that’s why we’re launching the Great British summer savings scheme, and why we’re helping kids with free bus travel throughout August.”The Prime Minister has also teased the Government's thinking about the cost of living crisis, revealing that Labour is planning to give British hauliers a 12-month vehicle tax holiday.Speaking during Prime Minister's Questions, he said: “We are giving our hauliers a 12-month vehicle tax holiday, helping to keep prices down, and we are backing drivers by extending the freeze in fuel duty for the rest of the year."Another part of the plan will see duty on red diesel used by farmers cut by a third. In all, the package is meant to form a “Great British summer savings scheme” designed to mitigate the impact of the US-Israeli conflict with Iran, which has disturbed oil prices worldwide with a major knock-on on the global economy.View PostToday09:25 BSTFuel duty move criticised as likely to benefit higher earnersThe decision to cut fuel duty for the UK's farmers has been swiftly criticised by think tanks, including the Resolution Foundation, which has said high-income families are expected to benefit the most from the move.The organisation's principal economist Jonathan Marshall said families are still nearly £2,000 worse off than before the move in energy prices, but the policy move would "primarily benefit those who are better off".He told the Guardian: “Come the autumn, low-income families – who are still £1,800 poorer than they were before the last energy price shock – will be worst affected by another round of rising food prices and energy bills. And yet the support announced today will primarily benefit those who are better off, with the richest fifth of households gaining more than twice as much as the poorest fifth.”Today09:16 BSTChancellor set to rule out major energy bill supportMs Reeves is expected to rule out "massive unfunded spending commitments" that would provide universal energy bill support this winter, it is believed.The economic shadow of the Iran war has meant that the state's otherwise improving financial condition has been knocked on its head, and the Chancellor is keen to avoid repeating the promise of Liz Truss' disastrous Ukraine war promise to deploy a £40 billion package that was ultimately predicted to cost families more in the long run.The Chancellor is keen to avoid making unfunded promises like those made by Liz Truss(Image: Getty Images)‌