Should we follow the French in petrol price cut?

Sarah Coles
Francois Hollande
Francois Hollande

Michel Euler/AP/Press Association Images

The French are taking drastic action to keep prices at the pump from spiraling out of control. It was a key part of Francois Hollande's election promises, and he has come good, with the announcement that the country will spend €300 million keeping prices down.

So what is it doing, how will it work, and will the UK ever follow this example?