The Freight Transport Association has welcomed the suggestion that the Chancellor George Osbourne may be about to cancel the increase in fuel duty planned for New Year’s Day after acknowledging that fuel duty has now become a mainstream political issue following last week’s Parliamentary debate.
The indication that the Treasury may suspend the 3 pence per litre increase comes soon after face-to-face talks initiated by the FTA-backed FairFuelUK Campaign, where added pressure was put on the government to axe the fuel duty increase scheduled for 1 January 2013 when they were presented with research demonstrating the impact of fuel duty on UK growth and the economy.
James Hookham, FTA's Managing Director – Policy & Communications said:
"We have been able to get this issue to the heart of the political debate in Westminster and ensure the weight of public and business opinion is brought to bear on decisions about future tax rates. We hope and expect that George Osborne will not only cancel the increase, but will abandon any further rises before the next election, as it is clear that a precedent has been set and that similar debates and votes will take place ahead of all future planned increases. The Chancellor may as well give up on fuel duty increases as a bad job."