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 […]
The RAC has called on all major political parties to say in the run-up to the next general election what they intend to do about four key transport concerns – the high cost of fuel, the poor state of the UK’s roads, the need for better enforcement of driving behaviour, and the issue of expensive and inadequate parking facilities.
Fair Fuel UK has renewed its call for the government to cut fuel duty to spur the struggling economy, after the Bank of England slashed its UK growth forecast for 2012 to close to zero. Quentin Wilson, national spokesman for FairFuelUK, says: “Growth is paralysed so it’s time the government looked at cutting fuel duty to stimulate activity. If we spend less on fuel tax, we’ll spend more on other things.” Wilson argues fuel duty is one of the last […]
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.