
Brits Reject Fuel Tax Hike Amid Soaring Prices
About this episode
Two-thirds of Brits oppose Chancellor Rachel Reeves planned fuel duty hike, as pump prices surge due to the Iran war. A poll shows 68% support scrapping the hike, with 77% favoring forecourt price caps. Other suggestions like North Sea drilling and work from home have mixed support, but rationing fuel is unpopular. Countries like Spain and Australia are cutting taxes to ease the burden, unlike Labours stance. Relief may come if the US-Iran ceasefire holds, but itll take time for pumps to catch up.
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UK News Today | 2 Min News | The Daily News Now! — Brits Reject Fuel Tax Hike Amid Soaring Prices. Machine-transcribed; use the interactive transcript above to jump the player to any line.
On April 9, two-thirds of Brits want Chancellor Rachel Reeves to scrap her planned 5-pence per liter fuel duty hike after the Iran War jacked up, pump prices by 1 billion pounds extra for drivers. Prices have spiked hard since the conflict kicked off on February 28, with diesel hitting 191 pence per liter up, 34% and petrol and 158 pence 19% higher. That means filling a 55 liter family car tank costs nearly 14 pounds more for petrol or 27 pounds extra for diesel. A fresh poll shows 68% back ditching the hike, while 77% want price caps on four courts. Other ideas like more nor seed drilling licenses at 53% support or mandating work from home at 51% got nods too, but rationing fuel or road use, only 24 or 16%. Meanwhile, countries like Spain, Portugal, and Australia are slashing taxes or vat to
ease the pain, unlike labor sticking to the September increase, despite raking in 170 million pounds extra in VATI, hopes are up for relief if the U.S. Iran ceasefire holds and oil flows freely again through the straight of Hormuz, though it'll take weeks or months for. Pumps to catch up at stations clear old stock. Critics from Tories to business leaders say it's time to pump the brakes on that tax
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