Legal Brief
Chancellor to Scrap Fuel Duty Increase?
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Press speculation this morning suggests that in today’s Budget speech Chancellor Alistair Darling will defer his plan to increase fuel duty by 2p per litre from 1 April.
The Freight Transport Association says that such a move would be logical and sensible at a time when the price of oil has reached $110 per barrel and pump prices for UK diesel are at around 115p per litre, and bulk diesel prices are 92p per litre and rising.
FTA Director of External Affairs, Geoff Dossetter said, ‘We have campaigned hard to persuade the Chancellor that he should hold off his planned increase, which would cost industry £280 million over a full year. If the Chancellor is to delay the increase for six months, then the £140 million saving will be welcome.
‘FTA continues to seek a decoupling of the way in which commercial vehicles are taxed from private cars.’
FTA Director of External Affairs, Geoff Dossetter said, ‘We have campaigned hard to persuade the Chancellor that he should hold off his planned increase, which would cost industry £280 million over a full year. If the Chancellor is to delay the increase for six months, then the £140 million saving will be welcome.
‘FTA continues to seek a decoupling of the way in which commercial vehicles are taxed from private cars.’
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