Campaign group FairFuelUK (FFUK) has called again on chancellor Philip Hammond to use tomorrow’s Autumn Statement (22 November) to cut fuel duty and boost the economy. Following speculation that the chancellor will announce a freeze, FFUK urged him to go one step further and slash fuel duty by 3ppl. The group argues that a 3ppl cut would create 8,000 jobs, boost income tax revenues and save the poorest 50% households a combined £1.9bn, based on research by CEBR. FFUK said: […]
FairFuelUK and its backers were joined by 100 MPs at the Houses of Parliament on Monday [4 March], where 40 MPs signed a letter calling upon the chancellor to cut fuel duty.
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 chancellor has frozen fuel duty in his Autumn Statement today, meaning the scheduled rises scheduled for January and April next year will no longer take place. George Osborne gave no hint of a cut but said fuel would only see “inflation only rises” until September – effectively meaning the April 2013 increase has been deferred to 1 September 2013. PriceWaterhouseCoopers forecast the move would cost the public coffers £6bn, although research commissioned by campaign group FairFuelUK argued the planned […]