Patrick McLoughlin will remain in the role of secretary of state for transport as part of the new Conservative government, it has been confirmed. The announcement came as the reappointed prime minister David Cameron reshuffled the cabinet for his coming term in office, following his election victory last week. McLoughlin, who was voted back into the Derbyshire Dales seat in last week’s election with 52% of the constituency’s votes, was first appointed to the role in 2012. He made news […]
More than 50 MPs are calling on the chancellor to cut fuel duty, warning that the haulage industry faces “severe damage” if fuel duty rises in line with RPI next April.
Campaign group FairFuelUK (FFUK) has made a fresh call for the Chancellor to scrap January’s planned 3ppl rise in fuel duty, after figures from the Department of Energy and Climate Change (DECC) showed a sharp fall in fuel consumption. Sales of transport fuels fell 6.3% in the second quarter compared to the same period in 2011, made up of a 10.6% fall in petrol deliveries and a 1.6% fall in diesel deliveries. In all, some 6.2 billion litres of diesel […]
FairFuelUK (FFUK) is calling 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, “fiddled” the benchmark trading price for oil. In a statement the campaign group […]