The Rachel Reeves "Fun" Tax Cuts

Homepage Accessibility links Skip to content Accessibility Help BBC Accountrequire(["idcta/statusbar"],function(a){new a.Statusbar({id:"idcta-statusbar",publiclyCacheable:!0})}),document.querySelector(".idcta-wrapper").classList.remove("no-js") Notifications Home News Sport Weather iPlayer Sounds Bitesize CBeebies CBBC Food Home News Sport Business Technology Health Culture Arts Travel Earth Audio Video Live More menu Search Sounds Home News Sport Weather iPlayer Sounds Bitesize CBeebies CBBC Food Home News Sport Business Technology Health Culture Arts Travel Earth Audio Video Live Close menu BBC SoundsSounds home pageMenuHomeMusicPodcastsMy SoundsEpisode detailsNews,·21 May 2026,·28 mins PlayBookmarkBookmarkSubscribeSubscribeAvailable for over a year Today, the chancellor Rachel Reeves has announced a series of measures aimed at reducing the costs for families in the summer holidays. Ticket prices for families at various attractions such as theme parks, zoos and museums will be cheaper during the summer holidays through a cut to VAT, the chancellor has said. The government didn’t however announce any major package of support aimed at energy costs. On Thursday it was also revealed that UK migration had dropped to 171,00 almost half of 2024’s figure. Adam, Chris, Joe Pike and Helen Miller from the Institute for Fiscal Studies discuss. You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://bbc.in/newscastdiscord Get in touch with Newscast by emailing newscast@bbc.co.uk or send us a WhatsApp on +44 0330 123 9480. New episodes are released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXd Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Jack Maclaren with Shiler Mahmoudi. The social producer was Jem Westgate. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.