Chancellor Reeves considers fuel duty hike in Autumn Budget to address budget shortfall.
Chancellor Rachel Reeves is considering a fuel duty hike in the upcoming Autumn Budget, which could raise £3bn and impact millions of UK households relying on supermarkets like Asda, Tesco, Morrisons, and Sainsbury's for petrol and diesel. The Labour MP is exploring ways to address a significant budget shortfall and may see the fuel duty rise as a necessary step. The Budget is set to be the sole fiscal event of the year, aiming to eliminate surprise tax and spending decisions.
August 10, 2024
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