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Motorists face 2p fuel duty hike next year to pay for coronavirus black hole

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www.mirror.co.uk

Motorists face a 2p hike in fuel duty next year to pay for the black hole left in the nation’s finances by Covid. But the good news is that it will allow Chancellor Rishi Sunak to put off any further tax rises for two years.

A senior Tory source said: “Interest rates are so low that borrowing is incredibly cheap and that’s how Rishi will get the money. “He can then raise any extra he needs in 2022 and cut taxes again in time for the 2024 General Election.

A 2p increase will cover the interest.” Tax on petrol and diesel has been frozen at 58p a litre since 2011, bringing in £28billion a year.

Raising it is less controversial than other tax hikes because of the green agenda. Think tank the Institute for Government says the Chancellor must

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