Reuters
16 May 2026, 20:19 UTC · 1w ago
UK government to scrap planned rise in fuel tax, Sun reports
Source · https://www.reuters.com/business/energy/uk-government-scrap-planned-rise-fuel-tax-sun-reports-2026-05-16/
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Reuters
16 May 2026, 20:19 UTC · 1w ago
Source · https://www.reuters.com/business/energy/uk-government-scrap-planned-rise-fuel-tax-sun-reports-2026-05-16/
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British finance minister Rachel Reeves will postpone a planned motor fuel tax increase that was scheduled for September. — Delaying a fuel duty hike directly supports near-term consumer disposable income and marginally boosts inflation expectations, representing a modest positive for domestic consumer sentiment and retail risk assets.
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