Autumn Statement: Chancellor scraps fuel duty rise but warns recovery will take five years
The Chancellor today provided some relief to motorists and haulage firms, but warned families and businesses the tough times would last at least another five years.
George Osborne announced the scrapping of a planned 3p rise in fuel duty in his autumn statement this lunchtime.
The increase, due to take effect next month, had been widely expected to be delayed until April.
However, Mr Osborne has been forced to extend austerity measures to 2018 as he battles to turn around the ailing economy.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Wednesday, May 22 2013
These measures include a fresh benefits squeeze and a raid on the pensions of the wealthy.
Most working age benefits, such as Jobseekers' Allowance and child benefit, will go up by 1 per cent, less than the rate of inflation, for the next three years. And there will be a further cut in tax relief on large pension pots, saving the Government £1 billion a year.
See the main Autumn Budget Statement at-a-glance here.