More business groups urge fuel duty cut
Momentum is growing within the business world for the government to delay January's planned hike in fuel duty, with the FairFuelUK campaign now receiving official backing from the Freight Transport Association (FTA).
A number of MPs attended a presentation at Westminster which the FTA used to outline the main reasons why it believes a freeze in the proposed rise would not only be beneficial to drivers of new and used Ford cars across the country, but also to the economy as a whole.
The cross-party event was chaired by Robert Halfon, the Conservative MP for Harlow, and was the subject of a great deal of evidence from James Hookham, the managing director of policy and communications at the FTA, who suggested why a delay or complete cancellation of the planned measure would be a positive thing for the country as a whole.
A complete reversal of the government's policy would actually make economic sense, according to Hookham, who proposed a reduction of 3p on the duty and explained in detail why he believes this is the case.
Hookham said, in a five point presentation, that petrol only currently costs around 60 pence per litre, taking away the existing VAT and duty rates, which means that over half of what consumers pay at the pump is not actually for the fuel itself. He also stated that, in effect, the duties can be a tax on work; this is partly because many people rely on cars in order to get to and from their workplace, and would be saving a lot on petrol if they did not have to do this.
Whether or not the FairFuelUK protest against the hike is successful, drivers can be sure of getting the best deal possible if they decide to purchase their next vehicle from one of the many Ford car dealers specialising in the latest economic models around the South West and beyond.
Image credit: Ben Sutherland (flickr.com)