Chancellor freezes fuel duty – but no cut leads to ‘massive disappointment’


 

Chancellor George Osborne has cancelled the planned fuel duty rise in September 2014, confirming a commitment to a duty freeze he made at the Conservative Party Conference in September. The rise was expected to be 1.61ppl, and in freezing this rise the chancellor will have frozen duty for the duration of the parliament, making just one cut of 1ppl. He told the House of Commons today: “We inherited the hated fuel duty escalator and we abolished it; cut and frozen […]