Commenting on the announcement by the Chancellor today that he is deferring the introduction of the 2p fuel duty rise, David Frost, Director General of the British Chambers of Commerce, said:

“With the price of petrol at the pump rocketing, the Chancellor was right not to introduce the proposed 2p rise in fuel duty. 

However, as the Chancellor reduces his own economic growth forecasts, he should have said that he is scrapping the 2p rise rather than merely deferring it.  Businesses and motorists are being squeezed by higher fuel costs and the Government is getting an unexpected windfall due to higher duty receipts.  There is no justification for a 2p rise in October.”