News in Review Wednesday 29th July 2026

Andy Burnham’s first week as Prime Minister, June’s easing inflation, oil price volatility plus US tariffs and house price growth

Key takeaways:

Latest government policy announcements include a 20% cut in business rates for hospitality and a cap on bus fares

The latest data from the Office for National Statistics (ONS) shows that UK inflation fell to 2.6% in June

Oil prices fall sharply after reaching $100 for the first time since May due to a pause in conflict and US tariffs announced

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News in Review Wednesday 29th July 2026

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