Fuel Prices cut in the Budget

The video discusses George Osborne's budget measures to provide relief from record fuel prices, including a reduction in fuel duties and the introduction of a fuel stabilizer. Public reactions are mixed, with some drivers expressing relief and others feeling the measures are insufficient. The impact on the haulage industry is significant, with companies reducing their fleets due to high fuel costs. The budget's implications include potential revenue loss for the Treasury, offset by increased taxes on North Sea oil producers. The future outlook suggests the fuel duty escalator may return if oil prices drop significantly.

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