Rachel Reeves stated during The Budget that increasing fuel duty next year would be a wrong choice for working people amidst high living costs and global uncertainty.
She mentioned that maintaining the current 5p cut in fuel duty and freezing rates would cost over 3 billion next year, indicating the substantial financial impact.
Reeves acknowledged the difficult fiscal position but emphasized the need to support working people by opting not to increase fuel duty amidst ongoing financial challenges.
The decision to maintain the 5p per litre cut, first introduced in March 2022, reflects an ongoing commitment to manage fuel costs during a challenging economic climate.
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