Why UK petrol and diesel prices are still sky high despite recent fall Transport and infrastructure The price of petrol and diesel in the UK fell between June and October 2024 but the margin retailers are making from each visit to the pump has surged. According to new figures from the Competition and Markets Authority (CMA) fuel prices decreased in the period because, in part, of the changing crude oil prices [...]
Autumn Budget 2024: Fuel duty frozen as hike would be the ‘wrong choice’ Transport and infrastructure Chancellor Rachel Reeves has declared a rise in fuel duty in 2025 would be the “wrong choice” as she pledged to continue the freeze and maintain the temporary 5p cut for another year. In her first Budget, Reeves told MPs that to retain the 5p cut and freeze fuel duty again would cost more than [...]
What will Labour do about green taxes? Opinion With net zero a key plank of the new government’s agenda, what can we expect on environmental taxes in the Budget? Asks Sharon Baynham We have a £22bn black hole in the public finances. Who knew! Well, anyone who dared to look according to the Institute for Fiscal Studies. The blame game has already started [...]