Rachel Reeves ‘could extend fuel duty freeze in autumn Budget’ in cost of living boost
Millions of UK drivers could benefit from Rachel Reeves’ policy
- Rachel Reeves is reportedly set to freeze fuel duty again this autumn to help drivers struggling with the cost of living.
- The decision will maintain the current 5p per litre cut introduced in 2022, despite calls to increase the tax to address public finance shortfalls.
- Maintaining the freeze and the existing cut is estimated to cost the Treasury around £5 billion annually.
- Treasury sources indicate that a hike in fuel duty will not be part of Ms Reeves' Autumn Budget, as she believes it would be the 'wrong choice' for working people.
- Analysis by a think tank suggests that continuous freezes and cuts to fuel duty since 2012 will have cost the government over £200 billion by 2028.