Quentin Willson, FairFuelUK Campaigner said: "A lost opportunity to ease the burden on families and businesses when the economy is still fragile. Cutting tax on beer and bingo and not on fuel duty shows how really out of touch this Government is."
Howard Cox, Founder of FairFuelUK said: "Huge disappointment in the Chancellor’s Budget. It seems the Treasury is in total Denial. We have presented conclusive proof that cutting fuel duty will generate jobs, increase GDP and lower inflation. Evidence they have yet to refute and supported by MPs from all Parties. Mr Osborne even said in his Budget speech that punitive taxation is wrong. Well what’s more punitive than taking 60% in tax from 32 Million road users? We have rammed the evidence into every part of Westminster Political Office. The Chancellor simply does not get it. Cutting Fuel Duty is a real fiscal stimulus and he has missed the opportunity of accelerating our recent positive economic growth.”
It’s good that fuel duty continues to be frozen and the Labour’s planned 2014 rise has been scrapped, but the level of tax taken by the Treasury is still way too high. It’s punitively high!
The HMRC actually said in 2011 after the welcome 1p Budget reduction that this fuel duty cut will help growth, they said: "The reduction in duty…..will have a positive impact on GDP.” These predictions have since come to fruition. So why did Mr Osborne not lower fuel duty further today?
In the last 12 months pump prices have been stable, the pound strong and bulk oil at its lowest level for some time. All this heartening evidence put together adds up to higher employment, lower inflation and economic growth as demonstrated in the recent encouraging UK economic trends he boasted about in his speech. So, why did he not follow these proven dynamic modelling conclusions from the NIESR and cut this duty for growth. It makes fiscal and political sense. He has missed a common sense opportunity.
FairFuelUK will continue to fight for lower fuel duty.