Just so we remember exactly what the Chancellor said about fuel duty and motoring costs during the Autumn Statement:
“That brings me on to fuel duty.
“Instead of those rises, we abolished the escalator, and we have cut and then frozen fuel duty.
“I’ve had further representations from many Honourable Friends, from the Member for Blackpool North and Cleveleys, to the Member for Argyll and Bute, and of course, the Member for Harlow who is such a champion of the people he represents.
“I said earlier this autumn that if we could find the money, I’d like to go on freezing duty.
“Today I can report that because we have taken difficult decisions to control the public finances, I can deliver on that promise.
“Next year’s fuel duty rise will be cancelled.
“Instead of petrol taxes going up by 2 pence a litre, they will stay frozen.
“That means compared to the previous government’s plans, petrol will be 20 pence a litre less.
“That’s £11 less every time you fill up.
“A saving for drivers over this Parliament of £680.
“Double that for a small business with a van.
“Cancelling fuel duty rises has been a major priority of the Government.”
That might well be right and drivers will be grateful for today’s confirmation of the freeze trailed by Mr Osborne in his party conference speech. However, as shown by Fuel for Thought, written for the RAC Foundation by the IFS, motoring taxation accounts for about 7% of all the tax income the Chancellor receives and 60% of the pump price is still tax.