The Chancellor of the Exchequer is due to make a major announcement today which will affect the finances of every citizen and household in the UK.
Rishi Sunak 's spring statement will reportedly be set to slash fuel duty as Boris Johnson begins to pursue long-term measures to guard against future energy bill pressures.
It has also been suggested that the Chancellor may cut fuel duty by as much as 5p per litre to help support families and businesses through the current cost of living crisis.
It comes as forecourt prices soar in the wake of Russia's invasion of Ukraine with the average price of petrol now standing at a record 165.9p per litre and 177.3 per litre for diesel. “My priority over the rest of this Parliament is to cut people’s taxes.
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