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BUDGET 2011:  Government introduces ‘fair fuel stabiliser’ and cuts duty

Chancellor George Osborne has announced plans to introduce a ‘fair fuel stabiliser’ in a bid to offset rising oil prices.

As a final sweetener in a balanced budget, Mr Osborne said be would cut fuel duty by 1 pence per litre from 6pm tonight.

He said the measure would help hard pressed families and business and the move was immediately welcomed by groups including the Federation of Master Builders.

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