Ed Davey calls for immediate 10p cut to fuel duty
Summary
Sir Ed Davey, leader of the Liberal Democrats, wants the government to cut fuel duty by 10p per litre immediately until Christmas to lower fuel costs. He also suggests scrapping a planned permanent fuel duty increase and wants to reduce other transport fares and taxes related to electric vehicles.Key Facts
- Sir Ed Davey calls for a temporary 10p per litre cut in fuel duty until Christmas.
- He wants to cancel a planned permanent fuel duty rise starting in January.
- Cutting fuel duty now would lower petrol and diesel prices by about 12p per litre at the pump.
- The policy could cost the government around £2 billion but may pay for itself by boosting the economy.
- Other proposed measures include cutting bus fares to £1 and reducing rail fares by 10%.
- Davey also suggests removing VAT from public electric vehicle charging points.
- Labour has already frozen fuel duty and delayed increases but has not committed to Davey’s proposed cut.
- The government faces pressure to control spending or raise taxes due to high borrowing costs.
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