Chancellor Considers Abandoning Freeze

UK drivers may face a blow as Chancellor Jeremy Hunt refuses to commit to keeping the fuel duty freeze in place. He stated that he will "look at that decision again" in the lead-up to the next election. This uncertainty has raised concerns among motorists.

Treasury to Assess Public Finances

The Treasury plans to assess the state of the public finances before making a decision on the fuel duty freeze. The Spring Budget early next year will provide further clarity on this matter. The budget watchdog predicts that fuel duty may rise at 1p above inflation, putting additional pressure on Whitehall budgets.

Potential Reversal of 5p Cut

A temporary 5p cut in fuel duty was implemented last year and maintained this year. However, unless action is taken, this cut is set to be reversed from next March. The decision to keep the cut will depend on the outcome of the Spring Budget.

Hunt's Stance on the Freeze

While Jeremy Hunt previously expressed his desire to assist hard-pressed drivers in saving money, he now maintains that the freeze is not a permanent measure. Speaking to MPs, he stated, "I don't like temporary reliefs. I think it's something that is permanent and should be described as permanent." The final decision on the fuel duty freeze will be made during the Spring Budget.

Concerns Raised by FairFuel UK

Howard Cox, founder of FairFuel UK, criticized the Chancellor's stance on fuel duty. He believes that tax hikes, such as an increase in fuel duty, will have negative consequences for the economy. Cox argues that UK drivers, who are already heavily taxed, should not be burdened further as they can play a crucial role in lowering inflation, increasing consumer spending, and generating more growth tax revenue.