Power Players 2014: George Osborne, Chancellor of the Exchequer


 

3) George Osborne, Chancellor of the Exchequer Fuel duty is the sixth-largest source of income for the Treasury, bringing in around £27bn. It also accounts for 63% of the average cost of a litre of diesel in the UK. But Osborne has frozen the tax for the duration of the last parliament, reducing the cost of fuel in real terms by 13% in the past five years. It’s a big if that Osborne will be Chancellor come May, but the […]