Fuel duty on track to rise at next Budget as Jeremy Hunt warns 'we can't afford to make change permanent' | The Sun

FUEL duty is on track to RISE at the next Budget, Jeremy Hunt admitted today.

The Chancellor told MPs that as things stand, the Treasury doesn't have the headroom to keep petrol costs down for a fourteenth year.

In a major blow to hard-up drivers, he confessed: "We cannot afford to make that change permanent."

Mr Hunt was hailed by motorists and MPs across the Commons when he announced fuel duty would stay frozen for another year at this month's Spring Budget.

With a better-than-expected financial forecast, drivers were given a £5billion reprieve by the Treasury — saving £100 a year at the pump.

The Chancellor personally thanked Sun readers for helping holt a potential 12p leap in duty.

Most read in News


Illegal migrants will be housed on giant BARGES to slash £3.5bn asylum hotel bill


Three dead and 13 missing after boat sinks in Caribbean as P&O liner helps rescue


Tragedy as woman, 25, working at stables owned by Michael Owen dies suddenly


Moment brave cops take down trans shooter after horrific school massacre

But at a hearing of the Treasury Committee today, he revealed that leap is on course to happen next March.

"We'll make a decision at the next budget and it will be decided on the basis of the room we have in our fiscal forecast," Mr Hunt said.

"At the moment, we do not have the headroom to do that. So that's why we are not planning to do it.

"But of course, we will look at what the numbers say close to the next Budget and keep that decision under review."


Major change to McDonald’s menus today – is your favourite coming back?

I’ve worked a three-day week for years – how to ask your boss for flexible hours

Mr Hunt's admission comes as inflation sits at an eye watering 10.4 per cent.

The Chancellor said his reason for freezing fuel duty was the crippling impact soaring costs have had on hard-up households.

Rishi Sunak has vowed to halve inflation by the end of the year.

Today Mr Hunt said the PM's mission is on track and prices should even be back to the target rate of 2.9 per in 2024.

Most read in The Sun


Paul O'Grady's heartbreaking final post days before he died


Lily Savage & BBC star Paul O'Grady dies 'unexpectedly but peacefully' aged 67


Danniella Westbrook shows off her new face and bikini body in stunning snaps


Geordie Shore legend QUITS series after ‘growing apart’ from cast

"I'm confident in the forecasts," he said.

"But I think there can be no complacency at all in bringing down inflation."

Source: Read Full Article

Previous post The 2 major changes to NHS prescriptions and fees set to hit millions this week | The Sun
Next post Urgent warning as pharmacies on red alert over shortages of Calpol, Nurofen and other common drugs | The Sun