Chancellor cancels planned 3p rise in fuel duty

George Osborne has confirmed the 3p rise in fuel duty has been cancelled and not just postponed.

Rise was planned for January
3p rise was planned for January Credit: Press Association

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UK credit rating 'at risk'

The credit rating agency Fitch has warned that the Chancellor's confession during the Autumn Statement that he missed its debt target could threaten the UK's AAA rating. But George Osborne has downplayed the impact potential if that happened.