Treasury sources have said today that the planned August rise of fuel duty has been deferred until January next year, at a one-off cost to the Exchequer of £550 million.
Sources insisted the announcement was timed for today because it was the last Treasury questions session in the Commons before MPs begin their summer recess next month. One source said:
It is a way of helping families, and businesses as well, with the cost of living. It is a way of recognising that the cost of living is an issue.
More top news
The secret wartime bunker of fascist leader Benito Mussolini opens its door to public.
As the main British base in Afghanistan, Camp Bastion, is handed over to Afghan troops we look back at Britain's role in the conflict.
The father of Ched Evans' rape victim claims people are trying to track down and kill his daughter over the ordeal.