LYN BROWN MP CALLS FOR VAT RISE ON FUEL TO BE REVERSED

Lyn is calling on the Chancellor George Osborne to reverse the Government’s VAT rise on fuel.

The hike in VAT to 20% in January has added nearly 3p to the price of a litre of petrol. 

The Labour Party argues that the VAT rise should be reversed immediately on petrol, using the £800m extra the government is now getting from the bank levy.  

Lyn Brown MP said:

“I’ve consistently opposed the Conservative-led government’s VAT rise which has hit families in Newham and helped to push up petrol prices to their current record levels.”

“The AA’s latest fuel price report shows that across London the average cost of a litre of unleaded petrol in February was 129.3p – up 6.6p compared to December before the VAT rise.”

“Now is the wrong time to be making things even worse for hard-pressed families in Newham by hiking up VAT, as this government has done. George Osborne should admit he got it wrong and reverse the VAT rise on petrol.”