Simon Walker, Director General of the Institute of Directors has responded to the Chancellor’s decision to scrap the 3p increase in fuel duty planned for August, saying that it was "welcome news" for the economy.
In our pre-budget survey, freezing fuel duty was at the top of our members’ wish-lists for improving the UK’s competitiveness, so this is welcome news.
Increasing the cost of making deliveries or of staff getting to work was only going to harm the economy, and many will be relieved that the rise has been cancelled.
The Chancellor has made the right decision, and the wheels of commerce will turn more smoothly as a result.
More top news
Make-A-Wish Foundation helped one young boy with an incurable heart condition star as 'Fast Heat' in his very own movie.
Planets outside our solar system could have earth-like oceans, evidence suggests. Could it mean a higher chance of extra-terrestrial life?
Prince Harry has waved goodbye to the people of Australia after a one-month attachment - meaning he will soon be united with his new niece.