Chancellor George Osborne urged to reverse VAT on petrol

GEORGE Osborne was last night urged to reverse the VAT rise on petrol as a way of providing some “immediate relief” for cash- strapped motorists and hauliers.

The Chancellor had committed an “own goal” in allowing the recent hike to 20%, which was part of an “extreme and reckless strategy” on the economy, Labour claimed.

As petrol prices climb above £1.31 a litre, shadow chancellor Ed Balls said Labour would force a Commons vote aimed at reversing the rise.

But he declined to commit to a wider VAT cut.

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