What do you think about this?
The Chancellor unveiled his Autumn Statement yesterday , with the UK facing its biggest tax burden for many years. Although there were some cost-of-living aids and a rise in the Minimum Wage, millions around the country will be wondering what the real impact is on their finances.
Prior to the announcement, Mr Hunt had been urged not to hike fuel duty in his autumn budget. The RAC told him that increased pump prices could push inflation even higher.Analysis by the motoring services company found there is an “extremely strong link” between the two. The Treasury cut fuel duty by 5p per litre in March.
A 23 per cent rise would put around 12p a litre on petrol and diesel - which would raise a whopping £5.7billion for the Treasury. It seems unlikely, though, given fuel duty has been frozen since January 2011 - and Tory MPs are already furiously demanding a temporary 5p cut is extended.
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