Budget may see freeze in fuel duty

| March 20, 2011 | 0 Comments
”Budget

There is speculation that the Government may delay the 1p rise in fuel duty - planned for next month.

The move is believed to be announced in this week’s Budget and comes as the price of petrol has surged to more than £1.30 a litre, due to concerns about the ongoing civil unrest in Libya and the Middle East.

Speaking to the BBC’s Andrew Marr Show, Chancellor George Osborne said he was “looking very carefully” at freezing the duty in the forthcoming Budget.

Friends of the Earth’s economy campaigner Simon Bullock said: “The Chancellor should tackle the impact of rising fuel prices by focusing on the root of the problem - the UK’s economic addiction to oil.”

Meanwhile, the Society of Motor Manufacturers and Traders (SMMT) recently called on the Government to consider freezing fuel duty, while “providing stability and certainty on motoring taxes” in the Budget.

The trade body has previously said 2011 marks a challenging year for the UK motor industry.

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