FTA chief executive David Wells has written to chancellor George Osborne asking him to cut fuel duty ahead of the emergency budget this Wednesday (8 July). Following the Conservative victory in the May general election, giving the party its first majority government since 1997, Osborne will set out the new government’s policies on 8 July. Wells said: “The prime minister and the chancellor both continue to emphasise that the government’s primary objective is to protect the UK economy. We believe […]
The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month.
The FTA has welcomed the freeze in fuel duty announced by the chancellor George Osborne in today’s Budget, but believes he missed an opportunity to boost the economy by not cutting it.
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.