Fuel Duty Increase Scrapped: IMI Comment
Institute of the Motor Industry
(Text copyright IMI, reproduced with kind permission)
(Image below Mr N Connor IMI- copyright IMI)
Fuel duty increase scrapped: IMI comment
Nick Connor, CEO of the IMI said:
"We welcome the Government's decision to scrap the planned fuel duty increase. With pump prices already at their highest level in years due to the conflict in Iran, any additional burden on motorists and the businesses that depend on the road network would have been extremely damaging.
"The motor industry is on the front line of this cost pressure – our members see every day the financial strain that rising fuel costs place on their own business operations as well as drivers and fleets. Freezing duty is the right call, but it is only a partial solution. We would urge the Government to keep the situation under close review and stand ready to do more if pump prices continue to climb."
