The Government has announced the 3p rise in fuel duty, planned for August, will not go ahead this year.

Chancellor George Osborne has dropped plans to limit the amount of tax relief on charitable giving, after listening to the concerns of charities.

The average standard VAT rates in the European Union's 27 countries have risen dramatically since 2008, a new report into taxation trends by the European Commission has found.

Plans to increase fuel duty by 3p should be axed in order to boost the UK economy and create thousands of jobs, campaigning group Fair Fuel UK has told the Government.

The Chancellor is facing mounting pressure from business groups and labour MPs to cut taxes in the upcoming Budget in order to stimulate economic growth and boost business.

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