CBI: 'U-turn on fuel duty will help support the economy'

The CBI has responded on the Government’s decision to postpone its planned 3p-a-litre rise in fuel duty in August until January next year. Dr Neil Bentley, CBI Deputy Director-General, said:

This decision will be welcomed by hard-pressed families and businesses across the country.

A fuel duty freeze will help to support road hauliers and freight transport operators, making delivering our goods that bit more affordable, and supporting the economy during the challenging months ahead.

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Fuel duty increase cancelled

The Chancellor has scrapped August's planned 3p rise in fuel duty and frozen the tax for the rest of this year. The £550m cost of the change will be paid for by departmental savings across Whitehall.