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Lord Walker, Keir Starmers cost of living champion and Iceland supermarket boss, is urging the government to abandon a planned fuel duty hike in September. With the Iran war escalating oil prices, UK drivers are facing unprecedented fuel costs. Fuel duty has been frozen since 2011, but the government plans to gradually reintroduce it from September 2023 to March 2027. However, recent Middle East tensions have made this plan unpopular. Diesel prices have surged by 30% since the Iran conflict began, and petrol prices have risen by 16%. Australia has already cut fuel tax by 14p, and UK opposition parties are calling for similar measures, including scrapping VAT on energy bills, cutting fuel VAT, and reducing green levies. The PM is reviewing the fuel duty hike amid growing pressure, with fuel duty frozen until September and new tools like a price comparison site for cheapest gas. Despite Treasurys assurance that their plan supports working families, expect more debate on protecting drivers from rising fuel costs.
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UK News Today | 2 Min News | The Daily News Now!

UK News Today | 2 Min News | The Daily News Now!

UK News Today | 2 Min News | The Daily News Now!