Fuel duty increase cancelled
The Chancellor has scrapped August's planned 3p rise in fuel duty and frozen the tax for the rest of this year. The £550m cost of the change will be paid for by departmental savings across Whitehall.
CBI: 'U-turn on fuel duty will help support the economy'
The CBI has responded on the Government’s decision to postpone its planned 3p-a-litre rise in fuel duty in August until January next year. Dr Neil Bentley, CBI Deputy Director-General, said:
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.