The Chancellor, Rachel Reeves, has unveiled a three-hundred-million-pound "Great British Summer Savings" package designed to ease the cost-of-living squeeze on families triggered by the war in Iran.

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 said: ‘My number one priority is protecting households from rising costs.’