Tag: Rachel Reeves

Chancellor Reeves Extends Fuel Duty Cut Until September 2026 Amid £2.4bn Cost and Staggered Reversal

Chancellor Reeves Extends Fuel Duty Cut Until September 2026 Amid £2.4bn Cost and Staggered Reversal

Chancellor Rachel Reeves extends the 5p fuel duty cut until September 2026, saving drivers £89 on average, but a staggered reversal begins in 2027, with £2.4bn cost and £26bn in new taxes including a mansion tax and EV mileage charge.