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Musk's rocket-maker and satellite internet provider will trade under the ticker SPCX

The deal will remove an estimated £580m worth of tariffs from British exports, but rights groups are critical

A minister confirms talks have taken place but says there will be no mandatory cap on essential food prices.

Fuel duty was initially cut by 5p in March 2022, under the Conservative government.

The change reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.