Tuesday, 26 June 2012

Fuel Duty Frozen

Some excellent news for our campaign for lower fuel costs today. The Chancellor has announced that the planned 3p increase in petrol duty will be cancelled and duty frozen for the rest of the year. That now means fuel duty is 10p per litre cheaper that it would have been under Labour's plans. The Chancellor said: “We will stop any rise in fuel duty this August, and freeze it for the rest of the year We are on the side of working families and businesses and this will fuel our recovery at this very difficult economic time for the world". This will be really welcome news for local people and small businesses in the North East. Don't just take my word for it, John Walker chairman of the Federation of Small Businesses said the move was "excellent news" for business.