Motorists can get some relief from today’s Spring Statement by the Chancellor.
John Cassidy, Director of Sales at Close Brothers Motor Finance said, “The Chancellor reconfirming her pledge to extend the freeze of fuel duty, as well as the temporary five pence cut, until March 2026, will offer a glimmer of relief to motorists concerned about the soaring cost of driving from A to B.
“Whilst only likely to have a small positive impact, it’s a step in the right direction, particularly for the 35% of drivers who cite fuel prices as the biggest challenge in the next 12 months. And well over half (57%) of drivers say cars are becoming unaffordable.
“Although we’ve seen a dip in fuel prices in recent weeks, fuelled by the supermarket price wars, the Government needs to ensure these cuts continue to reach drivers, fuel tanks and wallets.”
