The key points of Chancellor George Osborne’s Budget.
Fuel, alcohol & cigarettes
- September’s 3 p duty fuel rise scrapped.
- April’s 3p rise in beer duty scrapped. Instead, beer duty to be cut by 1p.
- Annual inflation +2% rise in beer duty to be ended but “duty escalator” to remain in place for wine, cider and spirits.
- Cigarette duties unchanged – continuing to rise by inflation +5%.