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Fuel duty freeze could help 'stabilise' businesses, FTA claims

Date: 25/11/2013 11:31:05
Category: Fleet tracking
Author: Deborah Bates

Freezing fuel duty until 2015 could provide businesses with the 'stability' they need to keep their operations running efficiently, fleetnews.co.uk reports.   

That's according to a letter written by the Freight Transport Association (FTA), addressed to chancellor George Osborne. It asks Osborne to reinforce his commitment to freezing fuel duty levels, after previously saying he'd like to do so - but adding that it would only be an option if cuts could be made elsewhere.  

However the chief executive of the FTA, Theo de Pencier, believes the freeze should go ahead regardless of the state of Britain's economy - stating: "While we appreciate the difficult trading and fiscal conditions that persist, and the constraints which these impose, we have written to the Chancellor urging him to confirm his commitment to freeze fuel duty until 2015.

"We believe that such a step would provide just the kind of stability needed to give businesses the confidence to invest in the future," de Pencier adds. In fact, a freeze could be particularly useful for businesses running vehicle fleets, as it could free up cash for reinvestment elsewhere - and for businesses as a whole, it could certainly reduce costs.

Even if the Chancellor does agree to a two-year freeze, the FTA believes he could go one step further and fix rates for 'road fuel gases relative to diesel rates' for a whole decade. This could encourage more businesses to expand their fleets through investment in heavy goods vehicles, fta.co.uk reveals and could bolster the need for using cooking oil as bio-fuel.

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