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 […]

Treasury defends fuel prices

The Treasury was forced to defend itself today when dozens of lobbyists gathered at the Houses of Parliament to demand the Chancellor cuts fuel duty in the Budget later this month. Campaign group Fair Fuel UK wants George Osborne to cut fuel duty by 2.5p and claims this would create 180,000 jobs within five years. […]