The 20p-a-litre tax reduction on biodiesel will be removed next month, making it less attractive for consumers.

This was not a tax reduction but a rough and ready compensation for the fact that the tax was now being charged on inflationary gains.

I could have spent that 2 billion on an inheritance tax reduction for the few wealthiest estates.

When the economy slows down, a declining oil price acts as an informal tax reduction.

He hoped to share the 'proceeds of growth between public spending on the one hand, and tax reduction on the other'.