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. The campaign group fears that fuel duty is seen as a soft target for additional tax revenue by the chancellor who is faced with an £18bn black hole in the public finances and a potential debt overshoot of £50bn by 2020. In the absence of a duty announcement during last year’s autumn […]
More operators have reacted to the chancellor’s Budget this afternoon (20 March), with both DBL Logistics and parcel firm APC Overnight supporting George Osborne’s decision to scrap the planned fuel duty rise.
The industry has welcomed the chancellor’s decision to cancel the planned September fuel duty rise, but says more still needs to be done to get the economy on the road to recovery.