Fuel Prices having Negative Impact on Businesses

The video discusses the impact of high fuel prices on various sectors, including hauliers, leather wholesalers, and petrol stations. Hauliers face increased costs, threatening their survival, while leather wholesalers struggle with managing fuel surcharges. Petrol stations have low profit margins despite high prices. The uncertainty in the Middle East keeps oil prices high, adding political significance to fuel duty decisions.

What is the expected impact of the uncertainty in the Middle East on oil prices?

What significance does the chancellor's decision on fuel duty hold politically?