This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Prime Minister David Cameron and Deputy Prime Minister Nick Clegg have held a question and answer session in the East Midlands following yesterday's Budget.
Speaking to Boots staff in one of the Government’s new Enterprize Zones in Nottingham, the PM and Deputy PM answered a number of questions on the outcome of the budget including the announcement of a 1p per litre reduction on petrol duty.
Mr Cameron said the 1p reduction meant it would cost £4 less to fill up a family car.
This is a multibillion-pound tax cut, it is a very big decision that we have taken. Of course one would always want to do more.
But in terms of helping hard-pressed consumers when you think about it they have had their council tax frozen, a million people lifted out of tax, a tax cut for everyone on the basic rate, an increase in pensions in line with earnings, extra tax credits for the poorest in our country and this for everyone who has to use a car.
I think in what is a difficult year these are good, helpful steps to cope with the year ahead.
Discussing the fair fuel stabiliser, which will increase tax on North Sea oil production when oil prices are high, Mr Clegg said the budget had achieved a “good deal all round”.
Along with cutting petrol duty and taxing oil companies more, yesterday’s Budget aims to help families struggling with the cost of living by cutting income tax for millions of people.
As well as the Budget, the PM and Deputy PM took a number of other questions including ones on the situation in Libya, the health service and immigration.
Speeches and Transcripts: PM direct in Nottingham
Read more: 2011 Budget documents on HM Treasury website
Published: 24 March 2011