Rachel Reeves ‘could extend fuel duty freeze in autumn Budget’ in cost of living boost
In this fall, Rachel Reeves will re -freeze the fuel mission with a support for drivers who are still struggling with the cost of living.
Despite the calls to increase the tax by the chancellor, campaignists and some economists, he feels that he was approved by tax freezing last October.
While trying to fill a billions of pounds of black hole in public financing, he has encountered new calls to end the long -standing ice cream in the fuel mission that has existed since 2011.
Protecting ice cream and keeping a 5P of 5P in 2022 as a chancellor in 2022 is expected to cost 5 billion pounds a year-the same as Labour’s U-turn in the planned benefit deductions.
But I Paper He reported that a march in a fuel mission suitable for inflation would not be part of Ms. Reeves’s autumn budget while trying to balance books.
Sources told the newspaper that ice cream was an example of “front foot” in the fight against the cost of life pressures faced by the treasury.
The ratio of the title on the standard gasoline and diesel is 52.95 per liter, which is normally suitable for inflation. However, the repeated freezing of the measure means that George Osborne has taken action as a chancellor, so the ratio actually fell more than one -third.
The Social Market Foundation Think Tank said that since 2012, freezing and interruptions will cost more than £ 200 billion to more than £ 182 billion for more than £ 182 billion for NHS by 2028.
Reeves, after keeping the fuel task ratio constant last October, Paul Johnson, former Financial Research Institute Director Paul Johnson said: “Almost incredibly, this government did not allow its predecessor to freeze the fuel tasks and to increase the ‘temporary’ 5P section and to increase the climate change. He said.
However, Ms. Reeves said that the hikıt fuel mission would be a “wrong choice” because it explained what she said “very difficult decisions in tax on other places.
Mrs Reeves said, “It will be over 3 billion pounds next year to protect and freeze 5P.
“At a time when the financial position is so difficult, I must be open because it is an important commitment to the house.
“In these difficult conditions – while the cost of living remained high and on the ground of global uncertainty – I concluded that the increasing fuel mission next year would be the wrong choice for working people.
“This means fuel tax by increasing 7p per liter. So today I decided to freeze the fuel task next year and I will maintain the existing 5P deduction for another year. There will be no higher taxes in gasoline pumps next year.”
A Treasury source said they would not comment on speculation in front of the budget.
