End
of the fuel duty freeze?
Wallets on wheels In
a news item in the Daily Telegraph today, Jack Cousens of the AA is reported to
have said "the Government talks about helping the "just about managing"
or JAMs but a hike in fuel duty would be a hammer blow to household budgets across
the country. Three quarters of the nation's freight is transported by road so
a hike would see shops increase their prices as they pass on the fuel duty costs
to the consumer.
See Budget 2017 report. More
Posted:
180912 |
Fuel duty could rise for the first time in nearly a decade -
that is the hint from comments made by the Chancellor yesterday
in the House of Commons. He is reported to have said "to
support British households the Governme nt has frozen fuel duty
for eight successive years. By April 2019 the freeze will have
saved the average driver £850 compared to the pre-2010
escalator and the average van driver over £2,100. The
Government has foregone £46 billion in revenue and is
expected to lose £38 billion more if the freeze contnues.
This is twice what we spend on all NHS nurses and doctors each
year".
Howard Cox (FairFuelUK) said "it would be political suicide
for the Chancellor to hike fuel duty on the already highest
taxed drivers in the World." |
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