FairFuelUK launched its election manifesto at the House of Commons today, with a succession of MPs pledging to support the influential lobby group’s seven main campaign objectives. These include a 3p cut in fuel duty to help stimulate economic growth, bringing UK fuel duty in line with other European Union countries and an independent inquiry into manipulation of the fuel supply market by speculators. Conservative MP Jason McCartney, chair of the All Party Parliamentary Group on Fair Fuel, centre, and […]
The Chancellor turned his back on the road transport industry in the Budget, announcing August’s 3.02ppl increase in fuel duty will stay. MT takes a look at the economic case against this decision. The price of bulk diesel has climbed 18.9% in the past 18 months, to reach a record high of 117ppl. Meanwhile, companies have continued to go to the wall, with Hull-based AR Lunn the latest failure. Predictably, rising fuel costs were a main reason why 115 employees […]
Operators face a potential triple whammy in the chancellor’s Autumn Statement on 25 November with cuts to spending on local roads, the DVSA’s enforcement budget and an increase in fuel duty on the cards.
Fuel duty will be frozen for the next 12 months, revealed Chancellor George Osborne in today’s Budget 2014, despite industry calls for a much-needed reduction.