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Dec 8, 2012

TRUCKING INDUSTRY NEWS * WORLDWIDE

* UK - Transport industry welcomes fuel duty cancellation

London,EN,UK -Transport Engineer -6 Dec 2012: -- Yesterday's (5 December 2013) Autumn Statement brought good news for hauliers as the Chancellor cancelled the 3% rise in fuel duty planned by Labour for January 2013... However, although the news was instantly welcomed by all quarters of the commercial vehicle world, some are treating it with trepidation... Geoff Dunning, chief executive of the RHA (Road Haulage Association) says, the RHA's research shows that a three pence per litre reduction in fuel duty would deliver a net gain of 70,000 jobs and a GDP growth of 0.2%... For him and for others, fuel duty hikes need to come off the government's agenda way past the end of the current Coalition term of office...

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