Headline Budget changes

  • No change to duty rates on alcohol
  • Duty on all tabacco products to rise by 5% above inflation from 6pm on Wednesday - the equivalent of 37p on a packet of cigarettes
  • Fair fuel stabiliser will mean that above inflation rises in fuel duty will only return if price of oil falls below £45 a barrel.
  • No further changes to existing plans for fuel duty
  • Vehicle excise duty to rise by inflation, but frozen for road hauliers

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Budget 2012

News, information and reaction to George Osborne's 2012 Budget.