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Chancellor
scraps 3p fuel duty hike due in August
See our report
on the Budget 2012. More
Posted: 270612
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George
Osborne has scrapped a 3p rise in fuel duty due
in August originally introduced by the last Labour
government. It was very welcome news for many motorists.
The Chancellor had been under pressure to abandon
the planned rise in fuel prices as household incomes
are squeezed by the economic slowdown. He surprised
many MPs with the announcement
made in the House of Commons during a |
regular
session of Treasury questions yesterday. It came
hours after Labour had called for the rise they
had originally introduced to be scrapped.
“We
will stop any rise in fuel duty this August, and
freeze it for the rest of the year,” Mr Osborne
told MPs. "We
are on the side of working families and businesses
and this will fuel our recovery at this very difficult
economic time for the world". |
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