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Author Topic: Budget 2011: George Osborne fuels economy with surprise cut in petrol duty  (Read 593 times)
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« on: March 23, 2011, 05:29:50 PM »

http://www.telegraph.co.uk/finance/budget/8401074/Budget-2011-George-Osborne-fuels-economy-with-surprise-cut-in-petrol-duty.html

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George Osborne has announced a surprise cut in fuel duty in a Budget statement designed to help families and deliver growth and jobs.  The Chancellor told the House of Commons that he had “put fuel into the tank of the British economy” as he announced that petrol duty would be reduced by 1p a litre from 6pm this evening.

In a move designed to help drivers suffering from record petrol prices, he cancelled a 1p rise in duty scheduled by the last Labour government for next week, and announced a "Fair Fuel Stabiliser" to keep costs down.
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