Chancellor mulls fuel price help

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  • | by Kristian Dando
The Chancellor of the Exchequer is considering giving cash-strapped motorists a respite from rises in the price of fuel in March’s budget. The plans may include scrapping the rise in fuel duty overriding the fuel duty rise due to come into force in April, which was announced by the previous government. The second option under consideration is a fuel ‘stabiliser,’ a measure which would see the government getting more revenue when oil prices go up, but reducing the amount of tax the motorist pays at the pump. The president of the AA, Edmund King said: “If the Government goes ahead with -scrapping the fuel duty rise, it shows it understands the plight of millions of drivers trying to go about their daily lives, the drain on consumer spending and the impact on economic revival. The AA supports such a move.” However, business secretary Vince Cable has expressed scepticism about the stabiliser measure, claiming that it “will not work.”