"Rumours are circulating in Whitehall that Fuel Duty will be increased by 5p per litre, undoing Rishi Sunak's temporary cut for Ukraine in the 2022 Spring Budget. Other rumours include 3p pay-per-mile for EVs and the return of the fuel price escalator. So here we go again: the needless prerequisite in the lead-up to the Winter Budget to convince the Treasury of the economic and social case for reducing fuel duty, or at least maintaining it at the current level."
"Labour remains anti-driver and continues to ignore its own voters. In FairFuelUK's 15th annual 'open to all' pre-Budget opinion poll, which has received over 60,000 responses so far, three out of four voters who voted Labour in 2024 support either a cut in Fuel Duty or keeping it frozen. And remarkably, in the same poll, one in ten Labour voters even want Fuel Duty scrapped."
"Howard Cox, Founder of FairFuelUK, said: "Keeping Fuel Duty frozen at the very least will be one of the best fiscal stimuli for this unpopular government's chances of restoring faith in its leadership. In contrast, hiking it could be the final political blow in Labour's succession of self-inflicted disasters.""
Rumours suggest a 5p per litre Fuel Duty increase that would reverse the 2022 temporary cut, alongside proposals for 3p pay-per-mile for EVs and the return of a fuel price escalator. Advocates call for convincing the Treasury to reduce or at least maintain current duty levels ahead of the Winter Budget. FairFuelUK reports minimal Labour MP engagement and a poll showing three-quarters of 2024 Labour voters back a cut or freeze, with one in ten wanting duty abolished. Claims assert road transport taxes are regressive and harm GDP, inflation, jobs, investment, low-income families and freedom of movement. FairFuelUK urges keeping duty frozen as fiscal stimulus and warns of political consequences from hikes.
Read at London Business News | Londonlovesbusiness.com
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