Great news that Osborne has scrapped the 3p/litre increase in fuel duty planned for 1 August - which would have become 4p/litre at the pump once VAT was taken into account. Let us hope that this heralds the end of any duty increases so long as the pump price remains above 100p.
As pointed out by Tom Stevenson, the fall in the international oil price will hopefully presage a general economic recovery.
