Labour: Millions will worry over petrol price increase

Millions of people who are already feeling the squeeze will be worried about how they can afford this latest rise in the price of petrol.

George Osborne must use next month’s Budget to cancel his tax cut for millionaires this April and instead help people on middle and low incomes struggling with the rising cost of fuel and food.

A temporary VAT cut would help to kick-start the economy and take 3p off the price of a litre of fuel right now. And a new lower 10p starting rate of tax, paid for by a mansion tax, would help 25 million people on middle and low incomes.

The Chancellor must finally act in the Budget to support families feeling the squeeze and boost growth and jobs in our flatlining economy.

– Cathy Jamieson, Labour’s Shadow Treasury Minister

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Stock market 'raising fuel costs'

The falling pound and stock market speculators are driving up the cost of petrol, according to the AA. The price of petrol at the pumps has gone up a further 1p in the last five days. The Chancellor says he has "taken action."