Jeremy Hunt has handed a Budget boost to motorists as the chancellor opted to keep fuel duty frozen for the 14th year in a row.
Category
🗞
NewsTranscript
00:00 Another cost that families and businesses worry about is fuel.
00:06 The Shadow Chancellor complained about the freeze on fuel duty,
00:11 and Labour has opposed it at every opportunity.
00:16 The Labour Mayor of London wants to punish motorists even more with his EULES plans,
00:22 but lots of families and sole traders depend on their car.
00:26 If I did nothing, fuel duty would increase by 13% this month.
00:32 So instead I've listened to my right hon. friends for Stoke-on-Trent North,
00:35 Dudley North, Wytham and others.
00:39 As well as the Sun newspapers' "Keep it down" campaign,
00:45 I have as a result decided to maintain the 5p cut
00:50 and freeze fuel duty for another 12 months.
00:54 This will save the average car driver £50 next year
00:59 and bring total savings since the 5p cut was introduced to around £250.
01:06 Taken together with the alcohol duty freeze,
01:09 this decision also reduces headline inflation by 0.2 percentage points in 2045,
01:16 allowing us to make faster progress towards the Bank of England's 2% target.
01:20 [BLANK_AUDIO]