The government's decision to move forward with the planned rise in fuel duty has condemned the UK haulage industry to suffer the consequences of higher fuel bill.
That is according to the Freight Transport Association (FTA), which hit out at the announcement of a rise in fuel duty by chancellor George Osborne yesterday (March 21st).
The latest 3.02 pence per litre rise in the cost of petrol at the pumps comes at a time when oil prices have reached a four-year high, with further increases projected for the coming months.
Speaking after the announcement, the FTA's chief economist Simon Chapman called on the chancellor to reconsider his decision for the sake of the UK industry and consumers.
"Higher commercial vehicle operating costs inevitably impact on the price of everything we use or consume, and contribute to inflation and higher consumer prices," he said.
“Mr Osborne has lost an opportunity to benefit every household in the UK and he must be persuaded to change his policy."
Posted by Danielle Barge