FairFuelUK (FFUK) has welcomed the news that there will be a 9th consecutive freeze in fuel duty. Prime Minister Theresa May confirmed the freeze in her speech to the Conservative Party Conference in Birmingham today (3 October). There had been fears that duty would be increased in the budget on 29 October. Howard Cox, founder of the FFUK campaign, said: “The ‘just about managing’ will breathe a huge sigh of relief that duty is frozen for the 9th year. “Thank […]
Chancellor George Osborne has cancelled the planned fuel duty rise in September 2014, confirming a commitment to a duty freeze he made at the Conservative Party Conference in September.
FairFuelUK (FFUK) has received more than 15,000 signatures of support in the past day backing its call for an investigation into the UK fuel market. FFUK wants the Office of Fair Trading (OFT) to take the issue on, after a report commissioned for G20 finance ministers warned oil traders may have been artificially inflating wholesale prices. It also wants the financial regulators to look at whether traders and speculators have, in the style of the banks and the Libor rate, […]
The FTA met with the Treasury last Thursday (5 February) to discuss the real effect the plummeting cost of oil was having on the freight transport sector.