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Fuel Duty cut extended until July 2027 in Budget announcement
Healey said the freeze will support households, hauliers and farmers as Britain faces high fuel prices driven by Middle East conflict.
- On Wednesday, Chancellor John Healey announced he would extend the 5p fuel duty cut until July 2027, maintaining a freeze on fuel duty rates to support households and businesses amid rising energy costs.
- Middle East conflict has pushed oil prices to record highs this year, prompting Healey to extend tax cuts for motorists, hauliers, and farmers through winter and spring to July.
- The Chancellor also extended the VAT cut on electricity bills, a measure projected to cut £50 from the annual price cap for households seeking relief from energy costs.
- Approximately 20 million households will receive £100 from the Government this winter to help with energy bills, while Healey confirmed plans to remove gas standing charges from consumer bills.
- Healey stated the Budget puts public finances on course to eliminate the current budget deficit within three years, with fiscal headroom projected to rise to £22 billion by 2030 to 2031.
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Budget 2026: Healey freezes fuel duty again
John Healey has frozen fuel duty for a 15th consecutive year and extended the Ukraine war 5p cut, as part of a raft of small measures aimed to shield households from the Middle East conflict. The Chancellor confirmed the levy on petrol and diesel would remain frozen at 53p a litre until July, saying: “For [...]
·London, United Kingdom
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Britain's Chancellor of the Exchequer, John Healy, presented his first budget, attempting to support households and businesses in the face of international economic pressures while maintaining control of public finances.
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Total News Sources23
Leaning Left1Leaning Right0Center19Last UpdatedBias Distribution95% Center
Bias Distribution
- 95% of the sources are Center
95% Center
C 95%
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