Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the Office for Budget Responsibility's report entitled Economic and fiscal outlook, published in November 2022, what assessment he has made of the impact of a potential increase in fuel duty on the classic car sector.
No changes to fuel duty were made in November’s Autumn Statement.
The Government will confirm policy on fuel duty in the Budget in the Spring, as has been the case in previous years. The impact of any policy change is carefully considered.
Until then, the OBR’s forecast is prepared on the Government’s longstanding assumption that fuel duty will rise in line with inflation.