Fuel duty would have added £1,200 to running costs

27th June 2012

The  government's plans to increase the duty on fuel for motorists in the UK would have seen the cost of running a truck rise by around £1,200 per year.

That is according to figures produced by Road Haulage Association (RHA) director of policy Jack Semple, who today (June 27th) praised chancellor George Osborne's decision to freeze the planned duty increase.

The coalition had been set to introduce a duty increase of 3.02 pence per litre of fuel from August 1st, in a move that would have heaped further pressure on the margins for fleet companies operating across the country.

However, in a surprise move, Mr Osborne yesterday confirmed that duty would be frozen until 2013 at the earliest.

The cabinet minister cited the importance of supporting families and businesses through this austere time as a key reason behind the u-turn.

Commenting on the change of heart, Mr Semple described the move as a "landmark policy achievement" for FairFuelUK – the alliance with which the RHA had campaigned for a change to plans.

"This announcement will prevent further pressure being applied to the profitability and cash flow of UK hauliers in particular," he added.

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