Tuesday, 15 November 2011

Cable does Scrooge

Business Secretary Vince Cable got into the seasonal spirit by dampening expectations over help for motorists burdened by soaring fuel prices

Fuel duty is due to rise by 3 pence in January, raising an estimated £1.5 billion for the Treasury. Despite MPs passing a motion demanding ministers take action, Cable insisted that the government had already done “quite a lot” for drivers and did not have the money for more help.

He told the Daily Telegraph that the top priority was reducing the budget deficit, adding “the budget position isn't where we can make a lot of freebies available”.

Bah humbug and all that.

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