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Cutting Fuel Duty Will Boost the Economy and the Industry Business Articles | December 12, 2016

FairFuelUK is campaigning to cut fuel duty. An independent study they commissioned claims that this will boost the economy and help haulage companies.



Owners and managers of haulage companies, whether large businesses serving the entire country or small local companies Cheap Shaquem Griffin Jersey , are very aware of rising fuel costs and how they have an impact on their business and profitability.


Fuel duty varies according to the type of fuel your trucks are using – petrol, diesel, biodiesel and bioethanol: 57.95 pence per litre; liquefied petroleum gas (LPG): 31.61 pence per kg; and natural gas used as fuel in vehicles, e.g. biogas: 24.70 pence per kg). But even if your fleet is using LPG or natural gas with lower fuel duty rates Cheap Russell Wilson Jersey , the percentage of your total fuel costs and overall running costs that are paid directly into government coffers is considerable.


“FairFuelUK” Campaign to Cut Fuel Duty


FairFuelUK was launched in 2011, with the support of the Road Haulage Association and the Freight Transport Association, with the stated aim of getting the UK government to lower fuel duty and enforce transparent pricing at the pumps. FairFuelUK has, to date Cheap Chris Carson Jersey , fought fuel duty increases and say that they have stopped ￡57 billion in tax hikes which would have resulted in fuel prices going up by 16 to 20 pence.


Boosting the Economy and Benefitting Haulage Companies


FairFuelUK commissioned an independent study and report into the possible impact of reduced fuel duty on the economy and haulage companies. The report, compiled by The Centre for Economics and Business Research (CEBR), was recently presented to the Chancellor of the Exchequer. It was endorsed by 50 MPs and backed by a petition, signed by more than 15 Cheap Ugo Amadi Jersey ,000 people, that calls for the creation of an independent fuel price watchdog agency to be called PumpWatch.


The CEBR’s brief was to examine the effect the current fuel duty freeze has on the British economy and the possible impact of a 3% cut in fuel duty in 2017.


In its report, CEBR stated that the 2011 duty cut and the subsequent freeze has saved households and business from ￡3.4 billion . Cheap Jerseys China Cheap Jerseys China Cheap Jerseys Wholesale Cheap Jerseys Free Shipping Cheap Jerseys China Cheap Jerseys China Cheap NHL Jerseys From China Cheap NFL Jerseys Cheap Throwback MLB Jerseys Cheap College Basketball Jerseys Cheap