Planned fuel duty rise to be scrapped, says Keir Starmer
Summary
Keir Starmer announced that the planned increase in fuel duty will be canceled, and the current lower fuel tax will continue until the end of the year. He also said haulage businesses will get a 12-month exemption from vehicle tax to help with rising costs caused by global events.Key Facts
- The 5p temporary cut in fuel duty, originally set to end in September, will be extended through the rest of the year.
- Haulage companies will get a one-year break from paying vehicle tax.
- Chancellor Rachel Reeves will announce more support measures soon.
- The government had previously planned to end the 5p cut after nine months.
- Fuel prices have increased partly because of conflict involving the US, Israel, and Iran.
- The freeze on fuel duty and tax breaks are aimed at helping families and businesses cope with rising costs.
- The freeze could save an average driver £120 over two years and heavy lorry owners £600 over one year.
- The government links these measures to a strong UK economy and ongoing global uncertainties.
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