Chancellor Rachel Reeves has confirmed that fuel duty will be remained frozen for a further year, writes Peter Brown.
Chief executive of business group Logistics UK David Wells OBE welcomed the news: “The Chancellor’s decision to freeze fuel duty for a further year is welcome news for the logistics sector.
“The sector operates on very narrow margins – often only 2.5% – with fuel representing a large proportion of the weekly operating cost for hauliers.”
RHA managing director Richard Smith said: “With operating costs increasing, margins tightening and the direct link between higher movement costs and inflation, the last thing these vital businesses needed was a rise in fuel duty.
“The Government’s long-term vision for growth cannot be achieved without taking the right steps to support a sector which is crucial to the economic health of the country.
“We’ll continue to engage with decision makers on solutions and opportunities to support our industry which will deliver wider economic benefit across the UK.”
