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Tax hike U-turn welcomed by motoring organisationsChancellor George Osborne has scrapped the planned 3p increase in fuel duty, which was due to come into effect in January.
Announcing the move in his annual autumn address to the Commons, the Chancellor confirmed the planned tax-hike was being cancelled altogether, after it was originally expected that it would merely be postponed until April.
Institute of Advanced Motorists chief executive Simon Best welcomed the news, saying: Cancelling the rise in fuel duty will help to keep Britains economy moving. Its not just good news for motorists — from supermarket food deliveries to life-saving emergency services, the nation depends on its roads. This is a saving for everyone.
AA president Edmund King was similarly supportive of the move, and went on to highlight the increasingly untenable situation in which UK motorists found themselves: 20 years In, UK motoring has cut its fuel consumption by 20% (12. 8 billion litres), but contributes 144% više (15. 81 billion) in fuel duty tax.
Further good news for motorists could be on the way as the Office of Fair Trading recently confirmed it is to investigate fuel suppliers not for passing on savings to dostave when the price of fuel falls.
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