Labour gives update over planned 5p fuel duty rise | Tech News
Labour has issued a uncommon update on the longer term of fuel duty price rises over issues that navy motion in Iran may result in larger petrol and diesel pump charges. Labour has maintained the 5p per litre discount in fuel duty launched by the Conservatives in March 2022, extending the low cost on the Autumn Budget.
However, the 5p discount is barely scheduled to stay in place till September 2026, with price hikes anticipated this Autumn. As half of a staggered increase, fuel duty is set to rise by 1p per litre on September 1, with additional will increase of 2p in December 2026 and 2p in March 2027.
Trevor requested: “Would it be wise to delay the rise in fuel duty which is planned?” However, Defence Secretary John Healey appeared to dodge whether or not price rises had been being re-evaluated.
He responded: “She is watching very closely, as you’d expect, any movement in the oil prices. We’ve seen before when Russians invaded Ukraine that the price of war is so much greater than the cost of deterrents. We saw double digit inflation. We are still paying higher energy and fuel prices now after that invasion.”
But, Trevor pushed back, asking instantly whether or not the Chancellor would “reconsider the rise in fuel duty” which would “add dramatically to the cost of living”.
Mr Healey added: “We are 24 hours into this conflict, the Chancellor is watching this very closely and as you’d expect as Defence Secretary, my first concern is protecting British people, military and civilians in the region. It’s making sure that we can protect our bases, that we can protect our allies.
“That we do what we can either by defensive military action or by diplomacy to prevent the risk of further escalation and therefore a greater impact on people’s living standards and prices in Britain and other countries.”
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