Rishi Sunak admits 5p fuel duty cut has flopped and hints he could make further reduction
RISHI Sunak admitted yesterday his 5p fuel duty cut had flopped.
The Chancellor dropped the biggest hint yet that he could dole out a bigger cut.
He told the British Chambers of Commerce that he knew it was “difficult, given where prices are”.
Petrol is now an average £191.25p per litre and diesel stands at £199.02.
Last night the RAC called on big retailers to cut petrol by 5p.
But furious business chiefs told Mr Sunak to spike the corporation tax hike or risk firms going under.
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Shevaun Haviland, director-general of the British Chamber of Commerce, put ministers on notice to “get their house in order”.
She called for a package of aid for struggling firms before the autumn budget.
She added spiralling prices, inflation and staff shortages were creating a “perfect storm” for businesses to struggle.