It's not just about cancelling a future fuel tax rise

It seems that everyone is urging the Chancellor to cancel the forthcoming 2p rise in fuel duty. Of course yet another embarassing U-turn would be for the benefit of the country, but it surely must go further than that. The current price of petrol includes a massive 70% tax and the rises we have seen have also seen the Government coffers enriched considerably.

The Chancellor must cut fuel duty to a rate below it's current level to compensate for the extra VAT we are paying. That would be fairness. It might also do a little much-needed good for the economy.