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.
Fuel freeze 'funded by Government underspend'
Economic Secretary to the Treasury, Chloe Smith, said the freeze on fuel duty announced today would be funded through underspend in Government departments, but would not be drawn on which departments.
She told BBC2's Newsnight:
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.