Labour proposes windfall tax on North Sea oil and gas to keep bills down

The measure is predicted to reduce the average household bill by £200

Treasury postpones fuel duty rise

The Treasury is postponing a planned fuel duty rise in August after pressure from Labour. Shadow Chancellor Ed Balls this morning called on George Osborne to use a £500 million “windfall” left over from the Olympics budget to lighten the load on British drivers. This afternoon the Chancellor announced the rise of 3p a litre […]