Thanks mainly to FairFuelUK, fuel duty has been frozen for
15 years and remains at its current level, which includes a temporary 5p cut.
Some armchair experts who despise supporting the UK’s 37 million drivers argue
that restoring or unfreezing fuel duty could generate more than £3 billion a
year. Utter nonsense!
The freeze on this regressive tax since 2011 means that
drivers have spent a larger portion of their disposable income, if any, in the
economy, and businesses have remained solvent due to lower-than-expected
transport costs.
Had the fuel price escalator been strictly adhered to, the UK
would now be facing a deep recession. It is now close to that situation.
No other tax exerts such a profound influence on economic
growth, inflation, employment, and business investment as the significant tax
on filling up at the pumps. Every part of our nation relies on road transport
for construction, small trade contractors, food, clothing, internet deliveries,
postal services, medical support, family cohesion, community interaction, and
mental well-being.
We heard from reliable Treasury sources that the Winter Budget may have introduced a 10p increase. Based on a reversal of Sunak’s 5p Covid
cut, along with an additional 5p per litre, which would have hindered economic growth.
Well thanks to you we stopped it happening !
I will continue to fight hard and push Rachel Reeves to implement a sensible
fiscal policy by incentivising lower transport costs through keeping Fuel Duty
frozen for the duration of this Parliament. Additionally, I will ensure that FairFuelUK’s PumpWatch is fully operational to prevent opportunistic
profiteering at the pumps.
Howard Cox, Founder of FairFuelUK