Fuel duty cut possible as Treasury admit benefits
By Kelly Mason
Tuesday, June 17, 2014 - 12:00
BENEFIT: Is a fuel duty cut on the horizon?
The Road Haulage Association (RHA) are hoping next year’s general election will spur a fuel duty cut after the Treasury conceded a drop could stimulate the economy.
A meeting between Danny Alexander, Chief Secretary to the Treasury, and the FairFuelUK team, saw the government recognise that lowering fuel duty could bring more positives than negatives.
At a the meeting, the Chief Secretary presented FairFuelUK spokesman Quentin Willson and founder Howard Cox, with the government’s recently-published fuel duty dynamic modelling.
This supports the fuel campaign group’s long-held contention that lower fuel duty increases jobs, GDP and economic activity.
Geoff Dunning, Chief Executive of the RHA, said: “The Road Haulage Association has supported FairFuelUK since its inception three and a half years ago and this news confirms, without doubt, the fact that we made the right decision.
“Now, with a general election on the horizon, we shall be working even more closely with FFUK to ensure that we can get government to go one step further and make a positive cut in fuel duty – a boost that the economy, hauliers and every other road user so desperately needs.”
Image courtesy of kdingo, with thanks.