A cut in fuel duty would make an ‘important contribution towards protecting the UK economy’, the Freight Transport Association has told chancellor George Osborne in in a pre-Budget submission.
It highlighted research which claims a freeze in fuel duty would boost household spending by upwards of £5billion.
“FTA has welcomed the government decision not to go ahead with any increases on fuel duty in the last Parliament, which has provided much-needed economic relief – not only to the logistics sector, which faces continuing difficult trading conditions, but also to the wider motoring public who rely on their cars to get to and from work,” said Karen Dee, FTA director of policy.
“As the UK economy continues on its path to recovery, this move provides just the kind of stability needed to give businesses the confidence to invest in their futures, to the benefit of the wider economy, customers and their employees.”
