MSE News: Budget 2016: Fuel duty frozen once again

Former_MSE_Steve_1

Motorists have been spared a rise in petrol tax after the Chancellor announced he would freeze fuel duty for the sixth consecutive year....

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'Budget 2016: Fuel duty frozen once again'

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Ebe_Scrooge

Whoopee-doodie. Ok, so tax hasn't increased ( which I can't deny is nice ), but we still pay more tax on fuel than most other countries. And the biggest percentage of the cost of a litre of fuel still goes to the tax-man. Is this really worthy of an MSE news-flash ?

gilbert_and_sullivan

A difficult one for the chancellor, whilst he might well desperately need the revenue to keep the Titanic on course, he had to re-arrange the deck chairs to maintain the appearance of a stable economy, at least until the proletariat give the correct answer in June, i suspect the autumn budget won't be quite so easy.

20aday

If fuel had remained at around $28/barrel like it was in January 2016 I'd imagine the Chancellor would've raised Fuel Duty.

Given the weaker pound against the dollar, rising oil prices and the UK's future (or not) in the EU he'll probably hang fire until the Autumn Budget.

What we're "saving" at the pumps will need to go towards our car insurance!

patman99

Don't forget, the Chancellor only has the power to keep the fuel duty frozen or to raise it. He is prevented by EU Law from reducing it.

Anyway, I think he would be a brainless fool to raise it as the last time the Govt. interfered with the fuel duty, it back-fired with motorists reducing their car usage and HGV drivers staging blockades of refineries.