Rachel Reeves will unveil plans for a cost of living blitz, including a bid to drive down the cost of the weekly shop by slashing tariffs until 2028 on more than 100 items

Rachel Reeves is set to scrap plans to hike fuel duty, following pressure over fuel prices and the cost of living.

Chancellor has been under pressure to shelve plans to increase fuel duty amid the ongoing blockade on the Strait of Hormuz