Freeze fuel duty to help firms: SMMT

A trade association has called for the government to freeze fuel duty to relieve pressure on companies.


A trade association has called for the government to freeze fuel duty to relieve pressure on companies.

A trade association has called for the government to freeze fuel duty to relieve immediate financial pressure on companies.

The Society of Motor Manufacturers and Traders (SMMT) fears the duty rise planned for April this year will threaten industry, businesses and consumer confidence at a ‘crucial and fragile point’ in the UK’s economic recovery.

Truck, bus and coach operators are particularly vulnerable to fuel price fluctuations with rises having the potential to eat away narrow margins.

‘Manufacturers spend millions each year to improve the fuel efficiency of their vehicles to deliver the best deal for motorists,’ says SMMT chief executive Paul Everitt. ‘We now need government to play its part in helping businesses by freezing fuel duty and providing stability and certainty on motoring taxes.’

In June 2010, the SMMT urged government not to raise taxes and duties on vehicles and fuels above the rates set in the 2010 Budget, pushing the point that ‘a stable tax and duty regime’ is vital.

Related Topics

Leave a comment