Potential Fuel Duty Increase Looms in Upcoming Budget

Prime Minister Starmer and Chancellor Reeves hint at reversing previous cuts to address £22 billion fiscal gap.

Fuel duty has remained largely unchanged since 2010, with a temporary 5p cut in 2022 still in effect.
Increasing fuel duty by 5p per litre could generate over £2 billion in revenue.
Labour's proposed measures include potential hikes in capital gains and inheritance taxes.
The government faces criticism for possibly burdening motorists while granting pay raises to public sector workers.
The upcoming Budget on October 30 will reveal the final decisions on these tax changes.