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 […]
The Treasury has very little idea about how it will manage declining fuel duty revenues as people move away from fossil fuels to cleaner alternatives, according to a damning new report from MPs.
Goodyear claims fleets of 50 trucks or more could save £210,000 in fuel costs annually by using its recently launched Fuelmax fuel efficient truck tyre.