The Chancellor of the Exchequer has just announced in the Commons that he will not proceed with the planned 3p increase in fuel duty this August.
In his Autumn Statement George Osborne postponed a scheduled 3p rise in fuel duty for January but said that the planned rise this Summer would proceed - even though it would be cut from 5p to 3p.
He has now responded to pressure from some Tory backbenchers and The Sun newspaper who were joined by Labour today when Ed Balls called for the duty to be frozen.
Fuel duty will not go up in August. This means your petrol will be a little cheaper than it would othewise have been. You can thank George Osborne for this. The Chancellor is working tirelessly for you and your household finances, c... Read Post
OSBORNE FEREEZES 3P FUEL TAX RISE Chancellor George Osborne announced in the Commons yesterday that the government will postpone its 3p-a-litre rise in fuel duty in August until January next year. Labour had threatened to bring the ... Read Post