Perfect Time for Treasury to Cut Fuel Duty
Howard Cox Founder of FairFuelUK Says: "We predicted a month ago that pump prices would hit £1.50 per litre before the end of 2021. Now its likely to happen as early as December. The impact on low-income families, small businesses, hauliers and the supply chain is crippling and getting worse."
Diesel hits all time record price at 147.94p a litre – Plus petrol climbs to all-time high of 144.35p
"With inflation set to rocket and the economy in retreat, this is the time for the Treasury to cut Fuel Duty and help see off the fiscal turmoil that is about to hit us all."
"The Budget was an opportunity missed by Rishi Sunak to help UK's 37m drivers. With pump prices breaking new highs every day, it means the Treasury is benefiting in billions of unexpected VAT pump receipts which are growing by the hour. This huge excise windfall to the Exchequer should now be passed on to consumers, by lowering Fuel Duty. Don't forget, VAT is also charged on the Duty itself. A deceitful double taxation that sticks in the motorist's craw. We are out of the EU, so let's take back control of our taxes and stop taxing a tax."
"And to all those pathological enemies of the internal combustion engine, UK drivers still remain one of the top 3 nations' highest taxed motorists in the world. They contribute the 4th to 5th largest income to the Treasury with all the motoring taxes they unfailing contribute, and at the same time are subsidising the tax-free travel of EV drivers."
"Petrol and diesel drivers also face an uncontrolled pump pricing lottery, enforced local authority congestion, and punitive needless clean air charges. All coupled with being demonised for all the environmental ills of the planet. "
"The perpetual commercial fleecing of 37m UK drivers goes unchecked by a Government afraid to implement PumpWatch and take on the oil companies opportunistic pump pricing process head on. The reason is clear they don't wish to forego the extra VAT generated from sky high pump prices. Sickening and happening right now!"
"Simple economics, popular and proven to work, it's time to give all drivers a break and help the economy thrive too. Chancellor, have the mettle to cut Fuel Duty by 3p."
*Article Source www.agilitypr.delivery