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Commerce and Industry

The Journal For Business to Business Marketing

Chancellor Challenged to Help 37m UK drivers for Benefit of the Economy

FairFuelUK has asked the new Chancellor and his Treasury Ministers to go further and be bolder than his predecessor at No 11. He needs to act positively on what all economists agree, that lower vehicle fuel costs are indeed a huge boost to the UK’s economy.

Today the attached letter was delivered by hand to the Treasury and to the Prime Minister’s Office. In the letter FairFuelUK’s evidence based campaign demands of the new Chancellor are as follows:

  • Cut Fuel duty on all fuels by 3p to match, more closely those of other developed nations
  • Cut VAT on all fuels to 15% – to soften the punitive and hugely unpopular double taxation currently in place
  • Set up an ‘OfPump’ monitoring body for fairer and more transparent pricing at the pumps in order to halt the rocket and feather pricing lottery millions of drivers experience every day
  • Introduce more incentives for motorists to move to cleaner fuels

Quentin Willson, TV Motoring Journalist and Lead Campaigner for the award winning public affairs campaign, FairFuelUK said:

We welcome the more car friendly Chancellor to his post and call on him to cut fuel duty. His predecessor listened to FairFuelUK’s extensive 5 years of empirical evidence by reversing Labour’s planned punitive tax hikes. But what’s critically needed, in the lead up to Brexit, is that proven tax cutting fiscal stimulus, guaranteed to help working families, create new jobs and boost the economy.

Howard Cox, Founder of the FairFuelUK Campaign said:

It’s now time for the new Treasury Administration to practice what they endorse. Back in 2014 they said, lower fuel duty benefits the economy by boosting GDP.

Such a widely popular cut in duty and VAT will also resonate profoundly with those families the Prime Minister addressed directly on the day she took office. Those families she said, that are: ‘just managing’, ‘working around the clock’, ‘doing their best’ and where ‘life can be a struggle.

It’s time for the Government to truly deliver on the PM’s laudable intentions and help millions of hard working families, small businesses and the haulage industry to prosper. By doing so, the UK Economy will thrive after Brexit.

FairFuelUK is the Nationally Recognised Award Winning Campaign fighting for lower petrol & diesel prices and is widely accredited with stopping £57+ billions of fuel duty being levied on businesses and the public in 2011, 2012, 2013, 2014, 2015 and 2016. FairFuelUK is supported by 1,300,000 members of the public, the 20,000 haulage businesses in the RHA, FTA and the Association of Pallet Networks – Over 140 MPs have also declared their support for the FairFuelUK Campaign.

The Campaign’s primary focuses are to achieve a significant cut in Fuel Duty (with VAT the total tax approximates to 70+ percent of the pump price), more pricing receipt transparency and for petrol and diesel to be of equal levels of pricing at the pumps.

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