UK Chancellor Jeremy Hunt plans to extend a 5p fuel duty cut in the Budget, costing the Treasury £5bn.

UK Chancellor Jeremy Hunt plans to extend a 5p cut in fuel duty in the upcoming Budget, marking the 14th consecutive year of the freeze. The move, set to cost the Treasury around £5bn, aims to support hard-working motorists and van drivers by keeping more of their hard-earned money. Hunt's focus is on helping people with cost of living pressures and delivering a long-term, responsible, and sensible plan to grow the economy.

March 04, 2024
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