Hike in fuel duty would be ‘catastrophic’ for drivers, top Tories warn Chancellor | 9Y66L6C | 2024-02-28 12:08:01
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Hike in fuel duty would be 'catastrophic' for drivers, top Tories warn Chancellor | 9Y66L6C | 2024-02-28 12:08:01
Around 40 MPs and friends have written to Jeremy Hunt
A RISE in gasoline obligation can be catastrophic for drivers, dozens of senior Tories have warned the Chancellor.
Around 40 MPs and friends have written to Jeremy Hunt urging him to freeze rates and maintain the 5p minimize at subsequent month's Budget.
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Eight former Cabinet ministers including Suella Braverman and Priti Patel are among the signatories praising The Sun's Hold It Down marketing campaign.
For 13 years our crusade with FairFuelUK has stopped the obligation hovering with inflation.
Since 2022 there was an extra 5p reduce, collectively saving drivers around £200 a yr.
However MPs at the moment are piling strain on Mr Hunt to increase each measures amid fears he might scale them back resulting from monetary restraints.
Of their letter they warn: "It will be catastrophic for British motorists if gasoline obligation rises in keeping with inflation."
Elevating obligation would also deal a blow to businesses, hitting PM Rishi Sunak's progress plans.
A 126,000-strong petition will probably be delivered to Downing Road immediately by FairFuel's boss Howard Cox.
Treasury sources say Mr Hunt has around £13billion in the public finances which he will dip into for tax cuts.
Preserving gasoline obligation frozen and increasing the 5p minimize — as a consequence of expire on March 23 — is predicted to value £5billion.
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