Chancellor confirms fuel duty freeze

Summer Budget 2015: The government has once again confirmed that fuel duty will continue to remain frozen in today’s (8 July) Summer Budget 2015. 

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Chancellor George Osborne originally cancelled the fuel duty increase planned for September in his 2014 Budget.

Overall, action on fuel duty since 2011 will save a company car driver around £675 by the end of 2015/16.

Chancellor George Osborne said during his speech: ”I can also confirm that there will be no changes to the plans for fuel duty I set out in March. Fuel duty will remain frozen this year.”

Iain Carmichael, chief commercial officer at Tusker, added: “This is good news for all drivers. There was some speculation before the Budget that the Chancellor might opt to increase fuel duty and go back on his word at the last Budget.

”Cars are an essential commodity for most people and the fact is that the cost of fuel currently stands at 70% tax-based.”