I dread the budget when it comes round every year mostly due to them increasing fuel duty.
Thankfully the Chancellor has stopped the automatic rise in duty that was due next week (inflation plus 1 penny on a litre = 6 pence this time round) that would have seen the price for a gallon of diesel go up to £5.90 in fact he even dropped duty by a penny a litre.
At the minute 60 odd percent of the cost of a gallon of diesel is tax meaning that roughly £3.54 out of £5.90 is tax.
To think that when i started taxi driving a gallon of fuel was about £2.80 and that was only 6 -7 years ago.
The new measure won't provide much relief but if it stops or even delays them worsening even a little they are most welcome.