This week, the cancellation of Labour’s fuel duty rise was put into law. It follows George Osborne’s announcement that the Government would cancel the rise scheduled for January 2013. This keeps fuel 10p cheaper than it would have been under Labour’s duty escalator and saves the typical motorist £40.
Labour raised the rate of fuel duty 12 times before the last election and had programmed a further six rises for the period after they left office.
Greg Hands M.P. commented: “Anyone in Chelsea and Fulham who drives will be delighted that the Chancellor has cancelled Labour’s rise in fuel duty.
“There are 3 million motorists in London who will benefit in the New Year. Coupled with the cut in income tax from raising the personal allowance, this is a welcome boost for households working hard to make ends meet.”