Chancellor Rachel Reeves' £1.8 billion 'Great British Summer Savings' scheme, aimed at easing cost of living pressures, is under threat after economists questioned its effectiveness. The package includes VAT cuts on family attractions and children's meals during school holidays, but experts warn it may not significantly help consumers.
Food industry leaders have also voiced concerns about potential tariff cuts on imported goods like biscuits, chocolate, and dried fruit, fearing harm to British businesses. The scheme risks unravelling before it begins, according to critics.
Separately, ticket reseller StubHub admitted to breaking the law by adding hidden fees at checkout, a practice known as 'drip pricing'. The Competition and Markets Authority (CMA) confirmed that customers who bought tickets between 5 April and 7 December 2025 may be eligible for refunds. The CMA is also investigating rival site Viagogo over similar issues.
In other news, Sir Keir Starmer is expected to be succeeded by Andy Burnham as Prime Minister. Burnham has previously advocated for a land value tax, which could replace stamp duty and reduce council tax for many households. Fairer Share estimates 77% of households would pay less under such a system, with average savings of £556 annually.
Meanwhile, a new drug, teplizumab, has been approved for NHS use to delay the onset of type 1 diabetes by up to three years. Experts call it a 'landmark moment' for patients with early-stage symptoms.
