The Chancellor Jeremy Hunt has announced a freeze on fuel duty for 12 months thereby saving the average car driver £50 next year.
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00:00 Instead, I have listened to my right hon. Friends the Stoke-on-Trent North, Dudley North,
00:04 Wytham and others, as well as the Sun newspapers' "Keep it down" campaign. As a result,
00:13 I have decided to maintain the 5p cut and freeze fuel duty for another 12 months. This
00:22 will save the average car driver £50 next year and bring total savings since the 5p
00:30 cut was introduced to around £250. Taken together with the alcohol duty freeze, this
00:37 decision also reduces headline inflation by 0.2 percentage points in 2045, allowing us
00:44 to make faster progress towards the Bank of England's 2% target.