"The government is determined to keep costs down for motorists paying more because of the war in Iran. That's why we've extended the 5p fuel duty cut twice, until September. While the chancellor will continue to monitor the situation, as the chancellor has set out, a rapid de-escalation in the Middle East remains the best way to keep pump prices low."
"Rachel Reeves is planning to cancel a rise in fuel duty this week when she unveils a package of measures to reduce the cost of living. The chancellor will announce she will not put up the tax by 1p as was due to happen in September, government sources said, and she could cancel all of a 5p rise that is due to happen in stages over the subsequent six months."
"Reeves announced at the last budget that she would freeze fuel duty for nine months but that she would end a temporary 5p cut first announced by Rishi Sunak in 2022 in the wake of Russia's invasion of Ukraine beginning this September. In recent months, she has come under pressure to extend the 5p temporary cut, at an estimated cost to the government of 2.4bn a year."
"Reeves has been looking at a range of other options to keep prices low over recent weeks, including freezing private sector rents and subsidising some people's energy bills. However, officials say a rent freeze has been r"
Rachel Reeves plans to prevent a scheduled rise in fuel duty when she announces measures to reduce the cost of living. Government sources say she will not increase the tax by 1p in September and could cancel the full 5p rise scheduled to occur in stages over the following six months. The plan aims to mitigate inflation driven by the war in Iran. A prime minister’s spokesperson said the government is focused on keeping costs down for motorists and noted that the 5p fuel duty cut has already been extended twice until September. Reeves previously froze fuel duty for nine months and planned to end a temporary 5p cut starting in September. Pressure has grown to extend or expand the cut, with officials also considering other options such as freezing private sector rents and subsidising some energy bills.
Read at www.theguardian.com
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