FTA asks Chancellor to cut fuel duty in pre-budget submission 27 February 2013
The Freight Transport Association (FTA) is continuing its fuel-duty reduction campaign, most recently demanding that the Chancellor cut road fuel duty by 3 pence per litre in his 2013 budget.
Calling on George Osborne to include the reduction in his budget plans, the FTA says it is imperative to the UK's freight transport sector, which faced a particularly challenging business environment last year.
FTA's pre-budget submission outlines recommendations to stimulate growth by ensuring that key costs inputs, such as fuel, vehicle parts and tyres, are contained and the competitiveness of the logistics industry supported.
Priorities for the Chancellor, it says, should be:
To ease cost pressure on domestic freight activity and stimulate economic growth by reducing fuel duty by 3 pence per litre, with commensurate reductions in the duty rate for gas oil.
Stimulate investment in low-carbon fuelled vehicles by fixing fuel duty rates for natural gas and biomethane relative to diesel rates for at least 10 years.
#Ensure that the introduction of the HGV road user levy will be tax neutral by confirming: the rates of the levy that will apply; that VED (vehicle excise duty) rates will not be subject to increase to allow neutrality to be achieved; and that holders of RPCs (reduced pollution certificates) will be compensated by replacement grants.
Freight Transport Association Ltd
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