FTA Takes Fuel Duty Message To Westminster

Posted on: Wednesday, 21 November 2012 by Mike Webb

Today, FTA was at the House of Commons as part of an All-Party Fair Fuel Group event to spell out to an audience of MPs the threat posed to logistics companies by the planned fuel duty increase scheduled for January 1 2013.

FTA MD - Policy and Communications James Hookham told an audience of 13 MPs, other FFUK backers and other interested parties about the significant impact of fuel duty on logistics companies, pointing out five key issues everyone should know about fuel duty and why it should be cut:

1. Petrol really costs about 60p per litre (excluding duty and VAT)
2. Fuel duty is over half the total price that is paid at the time of purchase
3. Fuel duty is a tax on work – it’s paid straight out of cash flow or household expenditure, not profits of savings
4. Fuel duty is paid by everyone - businesses and hard working families
5. A 3p per litre rise in fuel duty costs a 10 vehicle freight operator approximately £14,000 – that could be a person’s wages!

The Chancellor will deliver his autumn statement on December 5, and is expected to announce whether or not he will proceed with the duty rise. Please visit the FTA fuel duty microsite to find out how you can help with the campaign to stop this damaging increase.

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