• [Dailystar Icon]
• News
• Latest News
• Tesco

Price cuts on 4 items expected at Tesco, Asda and Sainsbury's in summer of savings

Chancellor Rachel Reeves is set to announce import tax cuts on biscuits, chocolate, fruit and nuts as part of her 'summer of savings' cost of living package on Thursday

[Rachel Reeves will reduce the price of certain supermarket goods ]

Rachel Reeves will reduce the price of certain supermarket goods (Image: Ian Waldie/Getty Images)

A potential rule change could affect four items in UK supermarkets, as part of a cost of living package.

Rachel Reeves, the Labour Party Chancellor, is poised to reduce the price of certain supermarket goods under her proposed "summer of savings". The specifics of the savings, discounts and deals are set to be confirmed on Thursday, according to reports. The revamp will involve cutting import taxes on several food items in Asda, Tesco, Morrisons, Aldi, Lidl and Sainsbury's.

Ms Reeves is expected to announce changes to four popular supermarket items in the Commons, including biscuits, chocolate, and fruit and nuts, amid escalating government concern about food inflation due to the Iran war.

[New rule on table for 4 items in Tesco, Aldi, Asda, Sainsbury's, Lidl, Morrisons]

New rule on table for 4 items in Tesco, Aldi, Asda, Sainsbury's, Lidl, Morrisons

The government has stated it has no plans to enforce price caps on staple food items, but did not deny discussions with major retailers regarding a voluntary scheme.

Ministers are urging supermarkets to reduce costs for shoppers, but will not mandate them to cap prices on essentials such as eggs, bread and milk, reports Birmingham Live.

Treasury minister Dan Tomlinson told the BBC that it was "right that the government looks across the board at what more we can do - both government levers but also talking to industry about the steps that they can take to support people with the cost of living".

[Edinburgh, Scotland, UK - 21st March 2011: Front entrance sign of a Tesco Superstore supermarket at the Hermiston Gait Retail Park in Edinburgh. Tesco divide their UK stores into six categories, with superstores such as this one being classed as a large supermarket.]

Ministers are urging supermarkets to reduce costs for shoppers(Image: georgeclerk via Getty Images)

"As the war in Iran pushes prices up at home, my economic plan is the right one," Ms Reeves, meanwhile, said.

"I will continue to make the right choices, to protect households and businesses, and build a stronger and more secure Britain."

Reeves also featured on the social media platform TikTok, penning in the caption: "I'm stepping in to make sure kids can still experience the little joys this summer."

This follows complimentary bus travel for youngsters under 15.

"Kids Go Free in the West of England has seen around 1.4 million free journeys," said Helen Godwin, the Labour mayor of the West of England.

"It's brilliant that, after we have invested devolved funding to make a difference that people across the West can see and feel, the government is rolling out Kids Go Free nationally this August!"

For the latest breaking news and stories from across the globe from the Daily Star, sign up for our newsletters.

[Dailystar Icon]

ENJOYED THIS STORY?

Choose Daily Star as a 'Preferred Source' on Google News for quick access to the news you value.