What will be in cost of living package? | Russian jets intercept RAF plane | Villa win Europa League
Cheat Sheet with Ridge & Frost
Sky News
4.0 • 224 Ratings
🗓️ 21 May 2026
⏱️ 13 minutes
🧾️ Download transcript
Summary
Rachel Reeves will outline measures aimed at cushioning the blow from an expected rise in inflation later this year.
The chancellor is expected to say there will be no universal support for energy bills - but tariffs on some food imports will be cut.
Meanwhile, the Ministry of Defence has said two Russian warplanes "repeatedly and dangerously" intercepted an unarmed RAF reconnaissance plane over the Black Sea last month.
An Su-27 jet came within six metres of the RAF plane’s nose.
In the latest development in the prime minister’s leadership crisis, former health secretary Wes Streeting used his resignation speech to warn the government is “losing” the fight against nationalism.
Finally - Aston Villa ended their 30-year wait for silverware by lifting the Europa League trophy in Istanbul last night.
Sophy and Wilf have the day’s news in just 10 minutes.
Transcript
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| 1:02.6 | Sky News, the full story first. |
| 1:17.1 | Rachel Reeves is preparing to outline measures aimed at easing the cost of living crisis, |
| 1:20.7 | which will not include universal support for energy bills. |
| 1:26.7 | The Ministry of Defence has said an RAF spy plane was repeatedly and dangerously intercepted by two Russian warplanes over the black sea. |
| 1:32.1 | Hello, you're listening to Cheat Sheet, a 10-minute podcast on the day's news. It's Thursday the 21st of May. |
| 1:37.3 | I'm Wilfred Frost. I'm Sophie Ridge. Also today, Aston Villa have ended their 30-year wait for a major trophy after winning the Europa League final. |
| 1:46.4 | Okay, so Sophie, big speech coming from the Chancellor Rachel Reeves, |
| 1:50.5 | setting out some measures that she's going to implement to help people with rising inflation, |
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