The chancellor Philip Hammond has frozen fuel duty, the HGV Road User Levy and vehicle excise duty (VED) in today’s budget but had little to offer in regards to tackling the UK’s chronic congestion. In a statement striking a balance between strong growth and the future challenge of Brexit, Hammond revealed that the Office for Budget Responsibility (OBR) had upgraded GDP growth from 1.4% to 2%. However, the OBR says this will fall to 1.6% in 2018. Here’s a snapshot […]
Is the road transport industry expecting too much from Philip Hammond’s budget this afternoon? Motortransport.co.uk looks at what’s in store for logistics.
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.
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.