Chancellor freezes fuel duty, HGV Road User Levy and VED for hauliers

chancellor Philip Hammond

The chancellor Philip Hammond has frozen fuel duty, the HGV Road User Levy and vehicle excise duty (VED) in today’s budget but had little to offer in regards to tackling the UK’s chronic congestion. In a statement striking a balance between strong growth and the future challenge of Brexit, Hammond revealed that the Office for Budget Responsibility (OBR) had upgraded GDP growth from 1.4% to 2%. However, the OBR says this will fall to 1.6% in 2018. Here’s a snapshot […]