Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

RAC urges Government not to raise fuel duty on squeezed motorists

by November 14, 2022
November 14, 2022
RAC urges Government not to raise fuel duty on squeezed motorists

Motoring group RAC has called on the Government not to hike fuel duty in the Autumn Statement this week.

It fears that revoking the 5p cut in fuel duty would put millions of motorists struggling with inflation and higher bills under even more pressure this winter.

RAC fuel spokesman Simon Williams said: “We strongly urge the Prime Minister and Chancellor not to raise fuel duty as it would be a body blow to the millions of hard-working people who depend on their cars.

“RAC data shows a clear link between inflation and fuel prices so we fear putting further stress on already-squeezed household budgets by forcing them to spend even more on petrol and diesel would be disastrous.”

It argued that many Brits have “little choice but to drive,” and that raising fuel duty would be punishing people for “getting to work, doing the weekly shop or visiting and caring for family members.”

Sunak unveiled the five pence cut in fuel duty in March during the Spring Statement earlier this year, while he was still serving as Chancellor under Boris Johnson’s former Government.

The cut was set to remain in place until next March, while petrol prices have eased amid sliding oil prices and reduced demand, with unleaded and diesel currently trading at 165p per litre and 190p per litre respectively.

However it is unclear which support packages for consumers will remain in place as the Government looks to fill a £50bn fiscal hole, with Hunt already slashing the Energy Price Guarantee from two years to six months.

Read more:
RAC urges Government not to raise fuel duty on squeezed motorists

0
FacebookTwitterGoogle +Pinterest
previous post
Half of UK firms given loans by British Business Bank would have gone under in pandemic
next post
Change of course at Clipper Ventures as owners raise flag on company sale

You may also like

Instagram weighs standalone reels app amid TikTok uncertainty...

February 28, 2025

FTSE 100 ends year up 3.8% but trails...

December 30, 2023

Key learnings on what is needed to successfully...

August 29, 2022

Entrepreneurs see regular breaks as vital to success,...

February 23, 2023

Pollo.ai Review: All-in-One Tool for AI Video and...

February 15, 2025

Liz Truss’s energy bailout: Key points to help...

September 8, 2022

Retail Sales Surge in May After April Washout

June 22, 2024

The Modern Man’s Guide to Grooming: Why Male...

May 11, 2024

Elon Musk to ‘seriously consider’ new Tesla gigafactory...

May 24, 2023

HMRC profiteering from 600,000 self-employed at worst possible...

June 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved