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 […]
FairFuelUK (FFUK) founder Peter Carroll has taken up a new role as special adviser to chief secretary to the Treasury Danny Alexander.
The chancellor has frozen fuel duty in his Autumn Statement today, meaning the scheduled rises scheduled for January and April next year will no longer take place. George Osborne gave no hint of a cut but said fuel would only see “inflation only rises” until September – effectively meaning the April 2013 increase has been deferred to 1 September 2013. PriceWaterhouseCoopers forecast the move would cost the public coffers £6bn, although research commissioned by campaign group FairFuelUK argued the planned […]