Families are expected to get cheaper access to theme parks, zoos and museums as well as kids’ meals as a temporary VAT cut comes in to force on Thursday for the school summer holidays.

Ticket prices at various attractions are among the activities where VAT will be reduced from 20% to 5% in what the goverment said would help with the cost of living.

The cut begins on 25 June, in time for schools breaking up in Scotland at the end of this month, followed by Northern Ireland, England and Wales in July, until 1 September.

But families, charities and firms said the measure will do little to help squeezed budgets, with some doubting the tax saving would be passed on to customers.

Chancellor Rachel Reeves said the summer holidays could be quite expensive, and the purpose of the temporary cut to VAT on family-related activities was to “help people make those precious memories during the summer holidays, but not having to fork out too much for it”.

Alan, 42, from Brighton goes to theme parks with him family regularly but he does not expect much from the VAT cut.

“These kind of attractions are quite expensive in the first place,” he said, adding that the savings, if passed on, would be “negligible” and only benefit those who go to theme parks as a one-off.

He said the best option for his family was having a theme park pass, which they use to go to Legoland, Chessington World of Adventure and Sea Life centres.

Helen Miller, director of the Institute for Fiscal Studies think tank, previously said the measures would lead to some savings, but estimated they would equate to an “average saving of around £10 per UK household”.

Alan says that more useful measures would be if energy and fuel costs were addressed.

“How the government can say this is going to result in any household saving is a mystery,” he said.

Asked whether the savings would be meaningful, Reeves told the BBC the government was focused on helping families.

“Especially over the summer, things can be a bit more expensive. So we are targeting this directly at families,” she said, adding there would also be unlimited free bus travel for children in England in August.

The chancellor pointed to other measures the government has introduced including freezing prescription charges, freezing rail fares and providing energy bill relief as also helping households with cost of living pressures.

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Micron Technology, Inc. (MU) Q3 2026 Earnings Call June 24, 2026 4:30 PM EDT

Company Participants

Satya Kumar – Corporate VP of Investor Relations & Treasurer
Sanjay Mehrotra – CEO, President & Chairman
Mark Murphy – Executive VP & CFO

Conference Call Participants

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Timothy Arcuri – UBS Investment Bank, Research Division
Joseph Moore – Morgan Stanley, Research Division
Christopher Muse – Cantor Fitzgerald & Co., Research Division
Vivek Arya – BofA Securities, Research Division
Sreekrishnan Sankarnarayanan – TD Cowen, Research Division

Presentation

Operator

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Ladies and gentlemen, thank you for joining us, and welcome to Micron Technology’s Fiscal Third Quarter 2026 Financial Conference Call. After today’s prepared remarks, we will host a question-and-answer session. Webcast viewers, please note that you will be able to advance the slides as you view at your own pace.

I will now hand the conference over to Satya Kumar, Corporate Vice President of Investor Relations and Treasury. Satya, please go ahead.

Satya Kumar
Corporate VP of Investor Relations & Treasurer

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Thank you, and welcome to Micron Technology’s Fiscal Third Quarter 2026 Financial Conference Call. On the call with me today are Sanjay Mehrotra, our Chairman, President and CEO; and Mark Murphy, our CFO. Today’s call is being webcast from our Investor Relations site at investors.micron.com including audio and slides. In addition, the press release detailing our quarterly results has been posted on the website, along with the prepared remarks for this call.

Today’s discussion contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include statements regarding our future financial and operating performance and our business model, as well as trends and expectations in our business, customers, market, industry products and regulatory and other matters. These statements are based on our current assumptions, and we assume no obligation to update these statements. Please refer to our most recent financial reports on Form 10-K, Forms 10-Q and

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Mumbai: Shares of textile exporters surged on Wednesday after Motilal Oswal Financial Services initiated coverage on some companies with ‘buy’ ratings, citing capacity expansion and policy support as the key growth drivers. The brokerage’s price targets imply gains of 9% to 28% over Wednesday’s closing prices.

Gokaldas Exports gained 3.7%, Arvind advanced 6.3%, Pearl Global jumped 11.2%, Indo Count Industries surged 9.5%, and Welspun Living rose 5%.

“Indian textile sector is entering a strong capex cycle with leading players announcing significant investments across garments, fabrics, technical textiles, and value-added categories to capture rising global sourcing opportunities,” said Motilal Oswal in a client note. “Unlike earlier expansion phases focused on commoditised products, the current investment cycle is directed toward higher-margin segments such as garments, MMF, specialty fabrics and advanced textiles, along with automation, sustainability and premiumisation initiatives.”

Mumbai: JPMorgan said it sees further growth headwinds for the Information Technology companies over the next two years as the sector faces an uncertain demand environment from an unprecedented confluence of technology and business cycle headwinds from generative AI-led deflation and geopolitics.

The brokerage downgraded HCL Technologies, Tata Technologies and Wipro to underweight, as current prices have yet to capture the price action so far. Its top picks remain TCS, Infosys, TechM, Coforge, Persistent and Sagility.

JPMorgan said it sees further cuts in FY27 revenue growth expectations for these companies. “With a softer start to the year, the ask rate for FY27 gets tougher, as the usual 1H strength is unlikely to play out this time,” said the brokerage’s analysts in a client note.

JPMorgan has cut April-June revenue growth assumptions for all companies on the back of delays in deal closures and revenue conversion. “Accenture’s print and guidance confirms that weakness is not only in 1Q27, but also likely to bleed into 2QFY27,” the note said.

JPMorgan said growth acceleration is unlikely even for mid-cap firms over the medium term.

“Until we see AI inflation becoming a tailwind, we would prefer to be cautious on the pace of growth recovery, as well as structural growth for the industry.”