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Budget key points 2011

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Fuel duty has dropped by 1p per litre from 6pm on 23rd March, making it cheaper for van fleets to fill up

1p fuel duty drop: cheaper to fill up your van

Fuel duty cut by 1p per litre from 6pm tonight

THE Chancellor, George Osborne, made a surprise announcement in his Budget today, announcing a reduction in fuel duty by 1p per litre from tonight at 6pm (23rd March 2011), the scrapping of the fuel duty escalator and the introduction of a fair fuel stabiliser. The planned 4p inflation rise in fuel duty would be delayed until January 2012; the April 2012 increase delayed until October 2012. “At last we have a Budget with some good news for motorists. As expected, the Chancellor has abandoned April