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Baked beans, olive oil among products that could face tariff cut in UK

ALN

The price of baked beans, garlic and avocados in the UK could be cut under plans to cut the tariffs of 125 ‘everyday essentials’ in a bid to lower the cost of living.

The UK government published a list of the household items, which also includes olive and vegetable oil, after an announcement by the Chancellor Rachel Reeves last week.

Tariffs may also be taken off chewing gum, throat pastilles, and cocoa powder.

The move will be consulted on by the Treasury. The survey will open on Wednesday, and run until June 24.

It will also consult on whether the suspension of tariffs on certain fertilisers could help farmers grappling with rising prices caused by the closure of the Strait of Hormuz.

Reeves said: ‘The war in Iran isn’t our war, but one we will need to respond to, and my priority is keeping prices down for households and businesses.

‘That’s why we’re freezing fuel duty, increasing the mileage rate for the first time in 15 years and slashed VAT temporarily this summer to help reduce the cost of days out.’

The package was announced by Reeves last week, alongside a series of other measures.

They include the uprating of tax-free mileage last week for the first time since 2011. The rate will rise from 45p per mile for the first 10,000 miles to 55p.

This will be backdated to April 2026. The Treasury has estimated that three million workers, including one million self-employed people, will benefit.

Reeves said fuel duty will be frozen until the end of the year, postponing a 5p rise which was due to begin in September.

Relief was also announced for red diesel.

A cut to VAT on children’s meals in restaurants, and admission to days out was announced by Reeves.

The list of products affected by the proposed tariff cut are:

 Garlic

 Gherkins

 Aubergines

 Sweet peppers

 Other peppers (capsicum/pimenta)

 Olives (fresh/chilled)

 Olives (for oil production)

 Olives (frozen)

 Plantains (fresh and dried)

 Bananas (fresh and dried)

 Limes

 Citrus fruits (various)

 Avocados

 Fresh figs

 Dried figs

 Other fresh fruits

 Frozen fruits

 Dried apricots

 Dried apples

 Dried peaches/nectarines

 Dried pears

 Dried papaya

 Mixed dried fruit

 Mixed nuts

 Mixed fruit and nuts

 Green tea

 Buckwheat

 Fonio

 Quinoa

 Olive oil (extra virgin)

 Olive oil (virgin)

 Olive oil (other)

 Margarine

 Mixed fats and oils

 Vegetable oils

 Chewing gum

 Liquorice products

 White chocolate

 Marzipan and pastes

 Throat pastilles

 Sugar confectionery

 Boiled sweets

 Toffees and caramels

 Sugar tablets

 Cocoa paste

 Cocoa powder

 Chocolate (bulk and retail)

 Chocolate bars

 Chocolate with fruit, nuts or cereal

 Chocolate spreads

 Chocolate drink preparations

 Couscous

 Crispbread

 Gingerbread

 Biscuits

 Waffles and wafers

 Rusks

 Toasted bread products

 Bread

 Pizzas and quiches

 Pickled peppers

 Prepared vegetables

 Crisps

 Processed potatoes

 Baked beans

 Preserved beans

 Preserved vegetables

 Preserved tropical fruit

 Candied fruit

 Jams and marmalades

 Preserved citrus fruits

 Mixed preserved fruit and nuts

 Tomato ketchup

 Tomato sauces

 Soups and broths

 Non-alcoholic beverages

 Plant-based drinks

By Harry Taylor, Press Association Political Staff

Press Association: Finance

source: PA

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