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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.

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'Rise in fuel duty would have crippled businesses'

John Walker, chairman for the Federation of Small Businesses has said today that the rise in fuel duty would have damaged small companies which were being "crippled by the high cost of petrol".

We would urge the Government to now put a fuel duty stabiliser in place to remove the volatility of fuel prices and help small businesses plan ahead.

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