Rachel Reeves to Scrap 5p Fuel Duty Rise Before September
Updated
Updated · Bloomberg · May 17
Rachel Reeves to Scrap 5p Fuel Duty Rise Before September
5 articles · Updated · Bloomberg · May 17
Rachel Reeves is set to cancel a planned fuel duty increase this week, according to a Sun report citing no named source.
The move would stop petrol and diesel duty from rising in September, when a temporary 5p cut was due to be phased out.
That 5p reduction was introduced after Russia's invasion of Ukraine, making Reeves' decision a continuation of support first launched during the energy-price shock.
A £3.6 billion tax hole looms from the fuel duty freeze. Which public services will face the inevitable cuts?
Beyond another temporary fix, what is Britain's permanent shield against volatile global energy markets?
Experts say targeted aid is cheaper and more effective. Why choose a blanket fuel subsidy instead?