Campaign group FairFuelUK (FFUK) has called again on chancellor Philip Hammond to use tomorrow’s Autumn Statement (22 November) to cut fuel duty and boost the economy. Following speculation that the chancellor will announce a freeze, FFUK urged him to go one step further and slash fuel duty by 3ppl. The group argues that a 3ppl cut would create 8,000 jobs, boost income tax revenues and save the poorest 50% households a combined £1.9bn, based on research by CEBR. FFUK said: […]
FairFuelUK (FFUK) joined forces with fifty MPs yesterday to present an independent economic report to the Treasury, which argues that cutting fuel duty will boost the haulage industry and the wider economy.
Department for Transport minister Robert Goodwill on why the commencement of the HGV Road User Levy today (1 April) means a fairer deal for UK hauliers competing against foreign-registered rivals.
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 […]