PM Rishi Sunak, whose net worth is an estimated £730 million.
The AA has warned retailers may fail to pass on Chancellor Rishi Sunak’s cut to fuel duty.
On Wednesday Sunak announced a fuel duty cut of 5p a litre. But AA president Edmund King expressed concern that the cut will not be passed on.
He said: “We are concerned the benefit will be lost unless retailers pass it on and reflect a fair price at the pumps. Average pump prices have hit new records despite the fall in wholesale costs.
“There has been a substantial reduction in wholesale road fuel costs feeding through to the forecourts since March 9. That needs to drive lower pump prices. The road fuel trade shouldn’t leave the Treasury to do the heavy lifting.”
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