Shadow chancellor Ed Balls has urged the Government to use the £500 million underspend from the Olympics to cover the cost of scrapping a 3p increase in fuel duty due to take effect in August.
The retail prices index (RPI) rate of inflation fell to 3.1% in May compared with 3.5% in April, new figures from the Office of National Statistics (ONS) reveal today.
The motor insurance market is today facing an investigation by the Competition Commission after a report found the market was "dysfunctional" and may be pushing up premiums by £225 million a year.
31 May 2012
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