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Budget 2011: Fuel duty rise expected to be scrapped

Chancellor George Osborne is expected to scrap the planned 1p rise in fuel duty when he delivers the 2011 Budget at 12.30pm today.

Osborne could go further by freezing fuel duty or reveal the Government’s plans for a fuel duty stabiliser which will see fuel duty fall when oil prices go up, and then fuel duty go up when oil prices reduce.

Osborne is also expected to increase the amount low paid people can earn before they are taxed by £600.

There will also be £250 million to help 10,000 first-time homebuyers purchase newly built flats and houses.

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