Chancellor George Osborne executed another trademark U-turn yesterday - scrapping the Government's proposed 3p rise in fuel tax.
The U-turn is another embarrassment for the Government, after several others have made it a Coalition trend of sorts. Sources inside the Treasury defended the move, saying that the rise was a policy put in place by the previous Labour administration, and that the £550m hole in revenues would be plugged by lower departmental spending. Shadow Chancellor Ed…
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