FairFuelUK (FFUK) has published new research “that blows the current thinking around fuel duty out of the water”, according to the head of the campaign. The CEBR report, Assessing the Impact of Lower Prices on the UK Economy, has revealed that the lower petrol and diesel prices of 2015 have raised UK GDP by 0.6%; created an extra £11.6bn of economic activity; 121,000 jobs and boosted government tax revenues. The research also shows that raising duty on diesel or increasing […]
Turnover at Boughey Distribution fell during the first half of its current financial year, after the loss of a customer was not offset with enough new business. In a statement issued today by parent company NWF Group covering the six months ended 30 November 2012, it was revealed that turnover at Boughey Distribution fell 17.5% to £18.9m (2011/12: £22.9m). Boughey Distribution was hit particularly hard by the loss of a contract with AB World Foods in the period, which caused […]
Home delivery specialist Hermes has branded the Chancellor’s decision to implement a 3ppl rise in fuel duty as “a disaster for the haulage sector”. Jon Tobbell, commercial director at Hermes, says: “Whilst we welcome the freeze in Vehicle Excise Duty, it pales into significance when compared to the pain being experienced by hauliers as a result of the rising price of fuel. “At Hermes we have seen a 30% increase in fuel costs and now spend well over £10m annually. […]
Rising fuel prices forcing firms to freeze recruitment and vehicle upgrades, according to FairFuelUK and FTA survey
Rising fuel costs are forcing logistics businesses to freeze recruitment, lay-off staff and delay vehicle upgrades, according to a new study from FairFuelUK (FFUK) and FTA.