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Tuesday, August 23, 2016

FairFuelUK has asked the new Chancellor and his Treasury Ministers to go further and be bolder than his predecessor at No 11. He needs to act positively on what all economists agree, that lower vehicle fuel costs are indeed a huge boost to the UK’s economy. 

We delivered by hand to the Treasury and to the Prime Minister’s Office a letter explaining FairFuelUK’s evidence based campaign demands of the new Chancellor are as follows:


  • Cut Fuel duty on all fuels by 3p to match, more closely those of other developed nations
     
  • Cut VAT on all fuels to 15% - to soften the punitive and hugely unpopular double taxation currently in place
     
  • Set up an ‘OfPump’ monitoring body for fairer and more transparent pricing at the pumps in order to halt the rocket and feather pricing lottery millions of drivers experience every day
     
  • Introduce more incentives for motorists to move to cleaner fuels

Quentin Willson said'Having a Chancellors with previous experience as Minister for Transport, means he'll better understand our road economy. And FairFuelUK's lobbying over five years has saved £57 billion in duty and VAT. We've proved that cutting fuel duty will help businesses and families and create new jobs and stimulate consumer spending.'

Howard Cox said: "It’s now time for the new Treasury Administration to practice what they endorse. Back in 2014 they said, lower fuel duty benefits the economy by boosting GDP. Such a widely popular cut in duty and VAT will also resonate profoundly with those families the Prime Minister addressed directly on the day she took office. Those families she said, that are: ‘just managing’, ‘working around the clock’, ‘doing their best’ and where ‘life can be a struggle. It’s time for the Government to truly deliver on the PM’s laudable intentions and help millions of hard working families, small businesses and the haulage industry to prosper. By doing so, the UK Economy will thrive after Brexit.’

 

To read the letter CLICK HERE



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