WEST Lancashire MP Rosie Cooper has hailed today’s announcement by the Chancellor that he is postponing a planned rise in fuel duty as “good news for businesses and families.”
Chancellor Alistair Darling MP shelved the increased which was due to come into effect on October 1.
As a result of this decision, main road fuel duty rates will remain at 50.35p per litre after October 1 this year. This is 17 per cent lower in real terms than in 1999.
Rosie Cooper MP said: “This is great news for businesses and families, and shows that the Government is listening and responding to people’s concerns about rising fuel prices.
“Postponing the planned increase in fuel duty is also consistent with the Government’s commitment to support the Bank of England in maintaining low inflation.
“By contrast, if we had continued the Tory policy of a fuel escalator, fuel duty would be around 80p per litre – not 50p – and petrol would cost an extra 34p per litre today, including VAT.”