Fleet News

Budget: Threat of triple dip recession demands reduction in fuel duty

Chevin Fleet Solutions is calling for increased support for fleet operators ahead of Wednesday’s Budget.

With last year presenting continued economic hardship for many vehicle operators, accompanied with the serious threat of a triple dip recession due to a stark decline in manufacturing output, Chevin’s managing director Ashley Sowerby (pictured) wants action from George Osborne.

He said: “For many fleet operators, fuel is one of the biggest expenses. This means any fluctuation in costs can have serious knock of effects for other areas of the business.

“The rumour that Osborne is likely to forgo plans to increase fuel duty is certainly welcomed but doesn’t quite go far enough in supporting fleet operators during such fragile economic conditions.

“Introducing a tax break on fuel for the industry, or indeed a flat rate reduction for businesses and consumers alike, may reduce revenue for the treasury in the short term, but will boost business growth, profit, sustainability and employment in the medium to long term – considerations that Osborne should take heed of if the UK economy is ever to enter a state of recovery.”
 



Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee