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Sep 3, 2010

FUEL DUTY * UK - TransAction founder says fuel duty is still a problem

London,EN,UK -Road Transport, by Christopher Walton -2 September 2010: -- Ten years after protests over rising fuel duty led to blockades at fuel refineries and pumps running dry, one of the founders of protest group TransAction claims that there has been "no advancement" in addressing the crippling levels of fuel duty... Mike Presniell, MD at Kent-based Presniell Tipper Contractors and founder member of TransAction, tells that little progress has been made since the protests in 2000 in creating a sustainable level of fuel duty... Brian Owen, owner of Ivor Owen & Sons in Wrexham, who also protested in 2000, concurs: "The price of fuel might have stabilised since then, but duty is still too much" ... According to Freight Transport Association figures, in 2000 fuel represented 32% of the total running costs of a 40-tonne artic. In April 2010, it represented an average of 35% of total running costs of the same vehicle. It peaked at 38% in 2008... (Photo from roadtransport)

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posted by Unknown @ 12:01 PM  0 comments

Dec 14, 2007

CUTTING FUEL DUTY * UK Gordon Brown should boost the economy by

Here is a story that will be welcome news to hauliers

London,UK -The Road Transport Blog -14 Dec 2007: -- ... According to Maurice Fitzpatrick, a senior manager at leading business and financial advisers Grant Thornton, the Chancellor could afford to reduce fuel duty by around 7p a litre... He reckons that the Chancellor has received an additional £3.6 million from higher North Sea oil and gas prices... “Record high international oil prices combined with petrol and diesel reaching £1 at the pump is set to generate an extra £300 million per month for the UK Treasury", he says... But, he adds “the Treasury is probably more inclined to use the additional revenue to finance its increases in public spending and to reduce its borrowing, which is already overshooting its target this year"... So the Government should be able to afford to cut 7p off fuel duty but it will not do it because it has already spent too much...

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posted by Unknown @ 2:42 PM  0 comments