Brown will use his pre-Budget report to announce the end of the 1.92p a litre increase, unveiled just eight months ago.
The increase was announced – by the Chancellor – in this year’s Budget.
The move to axe the duty is seen as political rather than financial. Ministers are mindful of upsetting motorists in the run-up to the next General Election.
However, it will have some financial cost. The Treasury estimates claim that the abandonment of the fuel duty will cost the exchequer around £400m annually.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements