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The Independent UK
The Independent UK
Athena Stavrou

Rachel Reeves could scrap 5p fuel duty hike

Rachel Reeves RAC Sir Keir Starmer Lammy Strait of Hormuz Strait

Rachel Reeves is said to be preparing to abandon a planned increase in fuel duty as costs continue to soar as a result of the conflict in the Middle East.

The chancellor announced in the November budget that the fuel duty reduction would be extended until the end of August 2026, with rates then gradually returning to previous levels over the next five years.

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