Reeves to promise free summer bus rides for children and food tariff cuts in living costs package

Rachel Reeves said her number one priority was to protect households from rising costs. Photograph: Kirsty O’Connor/Treasury

Rachel Reeves is to promise free summer bus rides for children in England and cut tariffs on some food imports, as part of a package of measures aimed at easing the costs of the Iran conflict.

The chancellor will give a statement in the House of Commons on Thursday, outlining her latest plans for cushioning the blow to consumers from an expected rise in inflation later this year.