Freezing Fuel Duty - But Is That Enough?



Less To Pay At The Pumps

George Osborne and the Conservatives have again announced a fuel duty tax freeze until 2015, but is this going far enough?  

The UK already has one of the highest diesel fuel price across Europe (only the poor Norweigans and Italians have higher) so freezing the proposed duty increase until 2015 will not have a dramatic effect on your wallet.  


Lower Fuel Duty Would Mean Less Of This
The freeze will save drivers spending an extra 3p per litre at the pumps or on average losing 15 miles per full tank, which does not seem a lot. It has been argued by FairFuelUK that actually cutting fuel duty by 3p would create around 70,000 more jobs and grow the economy by 0.2% which to us sounds like a better solution to our economic problems

UK’s high fuel prices affect everyone, not just drivers. Increasing fuel costs have directly contributed to a higher cost of living, from your packet of cereal in a supermarket to the latest smart phone in a high street store, all need to be transported  and in turn prices are increased due to fuel costs. 

The UK transport industry has been hit hard by high fuel duty. It currently employs over 2 million people but has struggled to compete with European companies who have lower fuel prices and many haulage businesses have vanished with people losing their jobs. 

It’s time we had a level playing field with the rest of European and a fuel price that will encourage our economy to grow and secure future businesses and jobs.

No comments:

Post a Comment