The impact of fuel on the economy – face -to-face talks with Treasury

Published: 02 November 2012

The impact of fuel on the economy – face -to-face talks with Treasury
Freight Transport Association (FTA) welcomed the opportunity to take part in a face-to-face meeting with the Chief Secretary to the Treasury, Danny Alexander MP, to discuss the impact of fuel duty on the economy.
The talks, held on Monday 29 October, at HM Treasury were agreed as a result of discussions between FTA backed petrol and diesel campaign group FairFuelUK.
Spiralling fuel costs have a devastating effect on the haulage business, FairFuelUK was created by road hauliers and motoring organisations to try and reduce the impact and is supported by more than a quarter of a million members of the public.
Quentin Willson, national spokesman for FairFuelUK, said; "This is an enormously positive gesture from the Treasury for FairFuelUK to present their ground-breaking research on the impact raising fuel duty has on the UK economy. The fact that Treasury figures are interested and listening sends an important message to all the business and families out there deeply anxious about the forthcoming 3p rise in January. This sort of open-minded engagement is exactly what this country needs to see."
James Hookham, FTA Managing Director - Communications and Policy, said: "FTA believes that the reductions in fuel duty are the key to un-locking economic growth and we are determined to enlighten the Treasury as to how that can be done."
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