Baked beans, gum and olive oil could get cheaper under tariff cut plan

May 26, 2026 · 11:01 PM UTC ·4 min read · 0 reactions · 0 comments · 42 views

#economy #cost of living #government policy

TL;DR · WeSearch summary

The UK government plans to reduce tariffs on 125 everyday essentials to help alleviate the cost of living crisis. Items like baked beans, olive oil, and chewing gum are among those that could see price reductions. Chancellor Rachel Reeves emphasized the importance of keeping prices down for households and businesses amidst rising costs.

Key facts

▪The government is proposing to cut tariffs on various household staples to ease the cost of living.
▪Chancellor Rachel Reeves announced the initiative, which includes items like garlic, avocados, and cocoa powder.
▪The Treasury estimates that around three million workers will benefit from these tariff reductions.

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The Independent (UK) publishes from United Kingdom and files mainly under news. We currently carry 922 of its stories.

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Original publisher	The Independent
Canonical URL	https://www.independent.co.uk/news/uk/home-news/reeves-cost-living-plan-tariff-cut-essentials-list-b2984029.html
Publication time	Tue, 26 May 2026 23:01:27 GMT
Retrieval time	2026-05-26T23:12:55.083Z
Last seen	2026-05-26T23:12:55.083Z
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Publisher visit	Yes — open original
Substitutes article?	No — link-out required for full text

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Opening excerpt (first ~120 words) tap to expand

NewsUKHome NewsBaked beans, gum and olive oil could get cheaper under tariff cut planThe Government published a list of the household items after an announcement by Chancellor Reeves last weekHarry Taylor Wednesday 27 May 2026 00:01 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2984029","articleMeta":{"url":"https://www.independent.co.uk/news/uk/home-news/reeves-cost-living-plan-tariff-cut-essentials-list-b2984029.html","title":"Baked beans, gum and olive oil could get cheaper under tariff cut plan"}}Rachel Reeves’ cost-of-living plan feeds obesity fearsYour…

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