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. James Hookham, FTA managing director of policy and communications, said: “The chancellor has kept his promise to freeze fuel duty and industry will be £187m a year better off for that. “But he missed the opportunity to stimulate the economy further by reducing fuel duty and putting around […]
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 […]
Road freight transport is the “lifeblood running through the veins of the British economy,” roads and freight minister Andrew Jones MP told MT this week.
FairFuelUK (FFUK) has warned chancellor George Osborne that ending the five-year freeze on fuel duty in the Budget this Wednesday (16 March) would slow down UK economic growth.