The consultation was accompanied by uprating mileage rates for the first time in 15 years in order to help bring down the cost of living.

Chancellor, Rachel 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.'

The list of 125 items includes garlic, avocados, mangoes, nectarines, vegetable oil, olive oil and baked beans. This builds on the tariff suspension announced in April.

The move follows a much wider package of support rolled out by the Chancellor last week branded ‘Great British Summer Savings'. It includes free bus travel for 5–15-year-olds in England, VAT slashed on children's meals in restaurants, and VAT cut for all admissions to theatres, theme parks and other attractions.