Organisers of the FairFuel Campaign, which is supported by the Builders Merchants Federation among others, have welcomed the news on fuel duty in the Chancellor’s Autumn Statement today.
The rise in fuel duty of 3pence, planned for January 2012 will not now go-ahead, whilst the proposed rise of 5pence in August will be held back at 3pence.
Quentin Willson, spokesman for FairFuelUK said: “This is a victory for FairFuelUK but only a stay of execution. We’ve saved the UK 9p since March in proposed fuel duty rises and we are now the gatekeepers of fuel sanity for this country. We’re going to carry on pressurising this government to keep duty down and reduce it significantly. If we don’t they’ll hike it up again the first chance they get’.
Peter Carroll who runs FairFuelUK said: “Adding another 3p a litre at this critical time for the economy would have been economic madness. Petrol & diesel remain far too expensive. We will be fighting on to try and make the Government understand that the economy needs an actual cut in fuel duty.”
Theo De Pencier, chief executive of the Freight Transport Association said: “We have avoided a horrendous New Year’s hangover; January’s rise would have cost the industry around £325m. But while we are relieved that the Chancellor has steered us out of immediate danger, it is obvious that getting the UK back on the road to recovery requires a long term fuel duty strategy, and one which doesn’t make already tough times that much tougher for businesses in an already uncertain economy.
“Today’s decision will help to keep the wheels of industry turning. But the government must now look at taking more substantive steps to invoke a longer term fuel duty policy that doesn’t punish business, prevent growth and grind those wheels to a halt.”