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.

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Ed Balls: 'Chancellor is a serial u-turner, but we need more done'

Shadow Chancellor Ed Balls has told ITV News that the Government's u-turn on fuel duty tax is the "fastest in history", questioning why the Chancellor has "taken so long" in reversing his decision and not reverting on other tax rises.

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