Chancellor George Osborne pledges fuel duty freeze to 2015
Fuel duty is to be frozen until May 2015, Chancellor of the Exchequer George Osborne announced today.
The pledge – which is conditional on finding savings to pay for the cost of the freeze – came as Mr Osborne unveiled his ambition to ensure that a future Conservative Government will run a surplus in good times as well as bad.
Running a surplus by bearing down on welfare and state spending even after the deficit is eliminated will allow Tories to deliver tax cuts and increased infrastructure investment and ensure that the UK is prepared for any future economic crash, the Chancellor told the Conservative annual conference in Manchester.
Mr Osborne dismissed Ed Miliband’s promise of a freeze on gas and electricity prices after the 2015 general election as a gimmick which would force prices up by deterring companies from investing.
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But he said that he was ready to take immediate action to help motorists with the cost of living.
“Provided we can find the savings to pay for it, I want to freeze fuel duty for the rest of this Parliament,” said Mr Osborne to loud applause. “Conservatives don’t just talk about being on the side of hard-working people. We show it day in day out in the policies we deliver.”