The UK's annual inflation rate dropped to 2.6% in June, exceeding economist expectations as the new government unveils measures to support households. Analysts warn that global energy volatility and rising oil prices may cause inflation to rise again later this year.

The government will eliminate VAT on domestic electricity bills to help address the cost-of-living crisis, funded by canceling a digital ID programme.

Incoming Prime Minister Andy Burnham is set to abandon the national digital ID project to prioritize cost-of-living support. The move signals a definitive departure from the policy framework established by his predecessor, Sir Keir Starmer.

As Sydney remains a high-cost city, residents are turning to creative strategies including house-sitting, digital shopping tools, and utility comparisons.