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 […]
Fair Fuel UK has renewed its call for the government to cut fuel duty to spur the struggling economy, after the Bank of England slashed its UK growth forecast for 2012 to close to zero. Quentin Wilson, national spokesman for FairFuelUK, says: “Growth is paralysed so it’s time the government looked at cutting fuel duty to stimulate activity. If we spend less on fuel tax, we’ll spend more on other things.” Wilson argues fuel duty is one of the last […]
The decision by the Office of Fair Trading (OFT) not to investigate the £47bn UK oil sector is simply a side-show, and the need to tackle the punishingly high rate of fuel duty remains paramount, campaigners have said.
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.