Thank you for contacting my office. I very much appreciate you getting in touch about fuel prices.
In recognition of the unprecedented circumstances pushing up fuel prices, I welcome the decision announced at the Spring Statement to cut fuel duty by 5 pence for a full year across all fuel duty rates. The decision to freeze fuel duty for the twelve consecutive years prior to this cut had already saved the average driver over £1,900 compared to the pre-2010 escalator.
I also welcome that for the first time since 1926, money raised through car tax (Vehicle Excise Duty) is now being spent directly on the roads. Around £28bn is being invested in England's strategic and local roads, an amount equivalent to all VED receipts. I was also very pleased to see the announcement in the Spending Review that £1.7 billion has been made available for local highway authorities in England (outside London) for 2021-2022 to improve the condition of local roads and associated infrastructure.
I also appreciate concerns relating to the impact of the Russian invasion of Ukraine on fuel prices, and I know ministerial colleagues are monitoring this impact closely.
I do appreciate that cars are essential to many people here in Truro and Falmouth, and I have conveyed your comments on fuel duty to my colleagues at the Treasury. Thank you once again for getting in touch, and if I can be of further assistance with any other matter, please do not hesitate to contact me.
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