Rising fuel bills reduce consumer spending, John Redwood warns

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28.03.2026

Rising fuel bills reduce consumer spending, John Redwood warns — Falling confidence and higher fuel bills

Consumer confidence is declining as households face the prospect of higher fuel bills, according to John Redwood. The increased cost at fuel pumps is affecting other areas of spending, raising questions about the absence of a growth plan from the Chancellor. Redwood challenges the government's approach, criticizing its focus on collecting more VAT on fuel and raising fuel duty.

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Redwood has previously called for the government to cut petrol taxes as surging oil prices drive up VAT and increase consumer costs, according to a recent post. He also questioned the delayed Cobra meeting on U.K. borrowing and energy costs, urging immediate action from ministers, as reported in a separate statement. The latest comments come as households contend with mounting financial pressures.

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