Chancellor Rachel Reeves has announced that fuel duty will remain frozen for another year, admitting it would be "wrong" to impose an increase.

Addressing the House of Commons, Reeves declared: "I have concluded that in these difficult circumstances, while the cost of living remains high and with a backdrop of global uncertainty, increasing fuel duty next year would be the wrong choice for working.

Chancellor Rachel Reeves has announced that fuel duty will remain frozen for another year, admitting it would be "wrong" to impose an increase.Addressing the House of Commons, Reeves declared: "I have concluded that in these difficult circumstances, while the cost of living remains high and with a b...{ai:summary}<p>Chancellor Rachel Reeves announced the fuel duty will remain frozen for another year, stating that increasing it would be inappropriate given the current cost of living crisis and global uncertainty. This decision prevents a potential rise of 7p per litre.</p><p>Reeves emphasized that there will be no higher taxes at petrol pumps next year, maintaining the existing duty structure. #economy</p>

Budget 2024: Rachel Reeves announces fuel duty will remain frozen for another year

Loading...