Fuel duty is set to be increased next year and will climb each year after that in line with inflation. Although chancellor George Osborne did not mention fuel duty in his Autumn Statement yesterday (25 November), effectively maintaining the status quo that has meant no duty rises in five years, this looks likely to end next April. Within the Spending Review document is a forecast that fuel duty revenue will increase by £2.3bn from 2015/16’s level of £27.4bn to £29.7bn […]
Department for Transport minister Robert Goodwill on why the commencement of the HGV Road User Levy today (1 April) means a fairer deal for UK hauliers competing against foreign-registered rivals.
Fuel duty will be frozen for the next 12 months, revealed Chancellor George Osborne in today’s Budget 2014, despite industry calls for a much-needed reduction.
The FTA met with the Treasury last Thursday (5 February) to discuss the real effect the plummeting cost of oil was having on the freight transport sector.