Category: Fuel duty

Reeves cuts VAT on summer days out to 5% as part of cost of living support

Chancellor says she will raise tax on global oil giants to help meet costs of plans and confirms freeze on fuel duty increasesBusiness live – latest updatesRachel Reeves will cut VAT to 5% on summer attractions such as...

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Reeves poised to cancel planned fuel duty rise to help with cost of living

Chancellor has been under pressure to extend 5p temporary cut at an estimated cost to government of £2.4bn a yearUK politics live – latest updatesRachel Reeves is planning to cancel a rise in fuel duty this week when...

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Cut UK speed limits to reduce Iran war impact on consumers, thinktank urges

Cap of 20mph in towns and cities and 60mph on motorways would cut fuel demand and combat rising prices, IPPR saysBritain should lower speed limits for drivers as part of a package of measures to reduce the impact of the Iran war...

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Cost of living tsar urges Starmer to extend fuel duty cut in light of Iran war

Richard Walker says any planned September rate rise should be scrapped to reflect increase in petrol pricesA cut to fuel duty should be extended to reflect the rise in petrol prices, the government’s cost of living...

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Would more North Sea drilling mean lower energy prices for UK consumers?

Kemi Badenoch claims increased UK oil and gas production would cut bills by £200, but critics say plan won’t workOil prices hit $100 a barrel soon after the US and Israel launched their attack on Iran, and though...

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Reeves to announce £1.5bn boost in EV subsidies amid pay-per-mile concerns

Industry experts welcome extra incentives but fear a consultation on a mileage tax sends mixed messages Drivers will be able to claim government subsidies to cut the cost of buying a new electric car until 2030 under plans to be...

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From capital gains to NICs: tax changes to look out for in autumn 2024 budget

Rachel Reeves will seek to close £40bn Whitehall spending gap with range of potential measuresLabour has two aims in the budget: to make tax rises and spending cuts that close a spending gap in day-to-day Whitehall budgets...

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Bring in pay-per-mile road pricing across UK, urges Tony Blair’s thinktank

Rachel Reeves urged to shelve fuel duty plans and overhaul taxes amid expected switch to electric vehiclesA pay-per-mile road pricing system must be brought in now, according to Tony Blair’s thinktank, which is urging the...

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Fuel duty expected to rise by up to 7p per litre after the budget

Campaigners point out it is often cheaper to drive or even fly within the UK than take the trainFuel duty is expected to rise by up to 7p per litre after the budget, with speculation intensifying that the chancellor will restore...

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