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High oil costs: winners and losers
High oil costs: winners and losers
Last Modified: 16 May 2008
By:
Bridgid Nzekwu
While the airlines and motorists suffer, the record oil price has been benefiting the government.
The British Chambers of Commerce argues that the chancellor can afford not to put fuel duty up by 2p in October as planned.
According to the British Chambers of Commerce the treasury is now raking in £0.5bn more tax and VAT than it expected.
However, British Airways warns its fuel bill could soar by £1bn if oil prices remain at current record levels.
Channel 4 News has been looking at the impact of rising fuel prices on a road haulage company in Kent.
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