George Osborne vows to ‘put fuel into the tank of the British economy’

This article explains how: “In the sort of flourish that was Gordon Brown’s trademark at the end of his budgets, Osborne announced the fuel duty cut at the climax of a 56-minute speech built around the theme of boosting growth and rebalancing the economy.

“The cost of “filling up a family car such as a Ford Focus has increased by £10”, he said, and he wanted to do something to help. He said he was cutting corporation tax by 2p in the pound this year rather than the 1p reduction previously planned, and announced a shake-up of planning laws and a bonfire of regulations in an attempt to stimulate enterprise”

]All sounds good and from a travel cost perspective is a useful contribution – no sign of any rural enterprise zones however in the first new enterprise zones (which will give tax breaks to businesses investors underpinned by a simplified planning regime.

You can read more about them and the budget generally here. The new growth strategy is also worth downloading here.