Fleet News

RAC comment on the fuel duty freeze

RAC technical director David Bizley has commented on the 2014 Budget.

Bizley said: “George Osborne is one of the few chancellors who has actually reduced fuel duty by cutting a penny off in the 2011 Budget instead of just putting it up like most of his predecessors, and we had hoped he would see the wisdom in doing so again, but sadly that hasn’t happened.

“Fleet drivers, and those responsible for maintaining fleets, will benefit from a further freeze and help prevent the hardship felt from high fuel prices getting any worse – but a cut in duty was needed to reverse this punitive charge, which is effectively a tax on virtually every British business that uses vehicles.

“Along with the FairFuelUK campaign we wanted to see a radical and much-needed 3p a litre cut in fuel duty as we believe this would do far more good for the economy than simply freezing it. The economic benefits of a fuel duty cut have been clearly demonstrated in the reports produced by the Centre for Economics and Business Research as well as the National Institute of Economic and Social Research.

“We can only hope Mr Osborne is saving the best news for the autumn in the form of a vote-winning duty cut ahead of next year’s election.”

 

Pre and Post Budget Coverage from Fleet News

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