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Budget 2011: Overhaul of fuel duty system

Motoring costs should fall for families and businesses as a result of fuel duty changes announced in the Budget.

Chancellor George Osborne announced a 1p per litre cut in fuel duty, while also cancelling a fuel duty escalator and delaying other planned duty rises.

But he got a cool reception from the oil industry after saying the cut would be funded by taxing North Sea oil more.

Richard Scott reports.

  • 23 Mar 2011
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