This budget is probably the most leaked that I can remember, we appear to have a very clear idea of what will be announced in many areas rather than mere speculation. The headline news will be the raising of the tax threshold for low earners which the Chancellor hopes will drag attention away from an expected move to scrap or announce plans to scrap the 50p top rate of income tax, which is an extremely risky political move even if it does net far lower than originally planned.
The upshot of all that though is i doubt there will be any move on fuel duty, given the expense incurred by raising the tax threshold - apparently stamp duty on properties over £2million will rise from 5% to 7% as well to compensate - which is a shame, the rise will hurt families more, damage business further and harm the economy. The 'gain' for low earners will be wiped out by fuel increases and despite the Commons voting to bring fuel prices down last year it seems the Chancellor will actively disregard that and increase it anyway.
It remains to be seen what other motoring related news will come out of this budget, i've heard no word on any VED increases or anything. We wait with vague interest.
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