Insurance costs could climb next year although fuel duty will remain frozen, it was confirmed in this afternoon’s Autumn Statement. Chancellor of the Exchequer Philip Hammond announced that insurance premium tax will increase from 10% to 12% in June 2017. He said: “Insurance premium tax in this country is lower than in many other European countries, and half the rate of VAT. “In order to raise revenue, which is required to fund spending commitments I am making today, it will […]
The Road Haulage Association (RHA) has pressed chancellor George Osborne to reconsider making a training fund available for the industry, after hopes were dashed in the Autumn Statement last week.
FairFuelUK (FFUK) has doubled its “email your MP” target after surpassing its original 25,000 marker in just two weeks. Since launching its email push, which calls on operators and the public to get in touch with their local MP through the FFUK website, 25,867 emails have been sent opposing August’s planned 3ppl fuel duty rise. FFUK has also garnered the support of 38 MPs in its bid to win enough support to table an amendment to the Finance Bill to […]
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.