Fuel duty expected to be cut as cost of living continues to spiral

Fuel duty is expected to be cut by the Chancellor this week, as the cost of living crisis continues to spiral and onlookers call for political intervention.

Soaring energy bills and inflation, as well as record high petrol prices, have significantly dampened consumer spending power amid the UK’s post-pandemic and Brexit recovery.

Chancellor Rishi Sunak is planning to use his spring statement on Wednesday to haul in an at least five per cent cut to fuel duty, The Times first reported.