FairFuelUK (FFUK) has received more than 15,000 signatures of support in the past day backing its call for an investigation into the UK fuel market. FFUK wants the Office of Fair Trading (OFT) to take the issue on, after a report commissioned for G20 finance ministers warned oil traders may have been artificially inflating wholesale prices. It also wants the financial regulators to look at whether traders and speculators have, in the style of the banks and the Libor rate, […]
Jack Richards and Son boosted turnover by 14% and pre-tax profits by 7% in 2016, aided by stable fuel prices and an efficiency drive.
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 […]
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.