Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increasesBusiness live – latest updatesRachel Reeves will cut VAT to 5% on summer attractions such as theme parks and soft-play centres during the school holidays as she aims to ease the impact of the war in Iran on cash-strapped households.The chancellor told MPs on Thursday she would also raise more tax from global oil firms operating in the UK to help meet the costs of her plans. Continue reading...