The True Brief

Economy ·

UK Treasury announces tariff cuts and pay changes before Wednesday's Budget

HM Treasury said it will remove import tariffs on more than 100 products, including "baked beans, chocolate and gherkins", which it said also supports "farmers facing higher fertiliser bills and households that rely on kerosene heating oil". It will raise the business mileage rate above 10,000 miles from 25p to 35p, extend parental pay to over 150,000 more parents a year and taper Carer's Allowance.

Today's front page Read the full issue, Tuesday 27 October 2026

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