Plans to raise more than £2 billion from British motorists before 2011 will overshadow the cost incurred by a 2p fuel duty increase, according to the Royal Automobile Club Foundation (RAC).
The RAC has asked the treasury to carry out a major review of motoring tax, as the impact of high fuel prices and the slowdown in the economy pushes drivers to breaking point.
It said the £2 billion expected from motorists in the UK is four times more than the revenue the 2p fuel duty increase will bring.
The increase in fuel duty is due to take effect in October this year.
Stephen Glaister, director of the RAC Foundation, said: "The chancellor may pull a populist rabbit out of the hat by scrapping the October 2p rise, but this will be a drop in the ocean compared to his plans to take an extra £2 billion from the road user's pockets by 2011."
According to Money Expert, the unsecured loan market, including car credit and finance, is being hit as hard as the mortgage market, as the economic forecast gets gloomier.
But creditworthy customers should still be able to get good deals, the financial advice site said.
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