Many MPs have also suggested he announce a further postponement
of fuel duty rises, and others want measures to cut energy bills, including the abolition of green levies.
Balls says the scrapping
of the fuel duty rise was done «On Labour's advice» even though they voted against it.
Inexperienced minister struggled to answer basic questions about George Osborne's deferral
of fuel duty rise
Not exact matches
With a
fuel duty rise due this summer and the possibility
of strikes by
fuel tanker drivers, it will be interesting to measure the impact on the oil companies and whether BP and Shell can ensure that any blame attached is shared around equally, rather than disproportionately focused on them.
Similarly, whilst motoring organisations could again cheer another cancelled
fuel tax
rise (billed as a win for hard working families), airlines and travel firms have been left exasperated by another
rise in air passenger
duty (APD), which will hike up the costs
of summer holidays for those self - same families.
Chancellor George Osborne introduced a
fuel stabiliser to keep petrol prices down, cutting
fuel duty by 1p instead
of implementing the scheduled 5p
rise.
To cheers, Hammond announced he would «stand on the side
of the millions
of hardworking people» by cancelling the
rise in
fuel duty.
The decision to scrap the 3p
rise in
fuel duty planned for January altogether, rather than just putting it off until April, wins the chancellor brownie points far in excess
of its actual cost.
The level
of deficit and debt that we have been left as a country costs the British taxpayer # 120 million every single day: «To put that in the context
of a 1p a litre
rise in
fuel duty, which is worth # 500 million, the British taxpayer will pay as much in debt interest over the course
of four or five days as they will pay in
fuel duty, if
fuel duty is subject to a 1p a litre
rise.
George Osborne's decision to halt August's planned
fuel duty rise and freeze it for the rest
of this year is an adroit retreat which will be greeted with relief by motorists - and, furthermore, has been played by the book, since he's just announced it in the Commons.
Exclusive: Figure
rises from a fifth
of homes last year, meaning coalition will fail to meet its legal
duty to end
fuel poverty by 2016
But pointing to the fact that the announcement came just a day after the transport secretary, Justine Greening, publicly defended the
fuel duty rise as an important part
of the government's deficit reduction strategy, Miliband said: «So it was all part
of a seamless political strategy?»
The increase in investment and higher spending will generate enough extra VAT and income tax receipts to make up most
of the losses from expected
fuel duty rises.
The cash saved will be used to pay for a freeze on
fuel duty to placate exasperated motorists; a cap on rail fare
rises; and to help fund scores
of infrastructure projects, from the Kettering bypass to a new bridge across the Thames.
Chancellor highlights cancellation
of a 2p
rise on
fuel duty as motorists welcome move, but train fares will
rise with inflation
Labour wants 3p - a-litre hike in
fuel duty postponed for another three months in face
of rising bills and stagnant wages
George Osborne's decision to halt August's planned
fuel duty rise and freeze it for the rest
of this year is a panic climbdown which will be greeted with contempt by everyone - and, furthermore, is extremely badly timed, since Ed Balls called for it today.
Mr Osborne risks defeat in the Commons if he presses ahead with a 2p
rise in
fuel duty in tomorrow's Budget, one
of his closest allies has warned.
RM: Every year Conservative MPs lobby against further
rises in
fuel duty and this year the chancellor has given in once again — at a time
of rising petrol and diesel prices.
Increasing
fuel prices,
rising loan rates and higher import
duties kept most
of the buyers away.